The luck of the draw
Article Abstract:
There is a debate on British income drawdown plans among pensions experts, and the process can be expensive and involve risks, but there are advantages in being able to defer an annuity purchase. These plans are only suitable for those with large funds.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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As time goes by
Article Abstract:
Investors will seek an additional retirement income from the bulk of their investments. They should initially seek growth and then move to vehicles providing an income as they near retirement. The growth phase can continue until the investor is 55-years-old or 60-years-old, and possible growth funds for United Kingdom invstors include UK growth funds, and international investments geared to growth. Younger investors can select capital share trusts and warrants to boost returns through gearing.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Unlocking a den of equity
Article Abstract:
The amount of unmortgaged equity in the United Kingdom is estimated at 360 billion pounds sterling, the Council of Mortgage Lenders has calculated. Equity release schemes can be used by homeowners who use the value of their homes to borrow funds and do not repay them until they no longer need to live in their homes. Home income plans are a traditional type of equity release scheme and are available to homeowners aged 70-years-old and above. These plans can be used to purchase an annuity which provides both an income and enough funds to pay interest on the mortgage. The loan is repaid when the house is sold.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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