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Cant help to see the irony. The rich right wing constantly complaining about immigration wanting to become immigrants!! The sooner all those wingers leave the better for everyone else.

If we have all paid the same in legally we should all get the same out. They would have to return some of your input

The sooner the U.K. is ended the better , why do people support abusers . Than complain when their children are being abused , they encourage these abusers and groomers ,who use politics to install the idea that grooming is good . Colonialism is the worst form of terrorism, history is the proof that colonists don’t what you to see or hear . Some history the colonists need you never to see .

All the politicians should have there bank accounts looked into for false clai s for expenses ñot pensioners a disg

I’m not leaving we will be right wing within 10 years and it’s not too late That’s the trouble with us brits we need to grow a backbone and stop being so accepting

I'm retired, but I've set my "retirement" date on one fund to 2030, with enough in there to last me 10 years, and another to 2040. I figure by the time I'm that age, I won't really be in a position to actively rebalance my portfolio, so I'm going to let them do it for me. The issue is not with lifestyling per se, it is more that people don't dig into the details or plan ahead.

Very interesting scenario. Thanks. I hear a lot of pundits arguing for some bonds in one's portfolio. I guess having a rental income means this hedging measure (of buying bonds in case of market downturns) isn't as necessary.

Portugal sounds good..I am 68 own my house all paid off and single, and really dislike the UK now.

We left Britain years ago , now enjoying retirement in south west France. No trouble with pension payments converted into euros.

Thanks Dianne. Such a great breakdown of a very complex and contentious issue. I'm approaching this situation.

Again the ‘government’ are looking at penalising the people who have abided by the rules and have paid into the system all their working lives, instead of looking of ways of saving the massive amount of money spent on illegal migrants who have paid nothing , but get given everything. Where’s the incentive to do the right thing?!!!!!

We are setting a poor example to the young why would the youth of today want to put into a pension when they are robbed at a time when they need to use it for necessary needs in old age eg scooters walking aids glasses false teeth inroads medicines etc

State Pension cannot be touched, the Soc security contributions were made based on an agreed undetstanding, that one would receive a fixed state pension for life after a certain age. By changing retirement age, already the agreement is broken and by trying to introduce means testing would be criminal violation. With cost of living gone up 3 fold so current rate of 884 pet month is insufficient, true pension shpuld be as per economists is minimum of £2,770 per month.

If state pension is means tested it WILL put you even more on the poverty line as you have no further means of increasing your income without losing benefits. Believe me I know I am now looking at retirement and currently live in australia. Unless I continue to work full time I will not earn enough to be able to afford to lose the pension - but if I don't work I will always be behind the eight ball - don't let it happen in the UK

dwp on the take

Totally agree. If you retire at 65 and plan to fund yourself to 90, half of your pot will still be untouched 12.5 years later. Equities is where a big fraction should be invested for that time period.

The state pension is being phased out for future generations. Most people now have to have a "personal" pension, similar to investment schemes.

I have retired in Gibraltar. Taken my pension, savings, sold the house, packed up what we needed on our yacht and left the UK behind just before Starmer and his bunch of idiots got into power. Not one penny has he Taken from me. Will never return while he is in power. Loving the life, the people and the environment. Very little crime and we feel safe.

Labour ,,Tories, what's the difference ? Feel so let down by starmer and co, he's penalising the very people who voted for him,the poor,the sick,the vulnerable, whilst he has no problem with accepting "freebies" we on the other hand will be " criminalised" if we can't explain the slightest upsurge in our bank accounts when they start prying into them,should not be allowed ,next you'll be fined for eating white bread instead of brown as its "bad for you" sorry i voted labour ,

In the UK many pension providers have various pension products, it’s worth spending time to research them all and grow your pension if you are more than 10 years from retiring. I left my pension in this default things for a long time, then less riskier funds. Now am more comfortable with high funds with a trace record, I am invested in funds that beat the market consistently.

I do not buy into this idea other countries are better than UK. May be they may have better weather, and maybe even nice food, and may be some nice scenery but when you go on ho,iday, it's not the same as living in that country. I recon if you live abroad it's best to do it when younger, but for elderly people I wouldnt leave what you know so quickly. Often other countries havent got the free medical treatment or even as advanced as UK even though NHS is in a mess. Plus, moving late in life you may not have friends or family to rely on when you are in need. I think living abroad isnt as easy as people think, especially if done as a older person. I know some one who's parents actually lived in Spain but actually came back to UK when they got old because they just didnt have the support over there. I dont know their circumstances but getting old isnt always easy, and I think when we do, we need familiarity, and support. If I had my life again, I would have left UK as a younger person, simply because I just dont like the weather, and it's got worse. We hardly have a summer, cant string a week of sun together, if we get a week of sunlight its followed by rain or dullness. Dont get me wrong, I love rain and snow, but for me it's the inconsistency of our weather in UK that gets to me, we can have all the seasons in one day, its erratic and makes me feel scatty. When I was a kid, winter was winter and summer was summer, and autumn was autumn and spring was spring. Now there isnt such distinctions and I miss a good summer, I want at least 3 months of good sun, regular, but never happens. If we got 3 months of sun, it prepares you for winter, but we just dont. I also think cost of living is too high, but I recon that would be the same in most countries now, whether its food costs, rents, travel, I think every country has high living costs, may be not the same area, but they will have them. The world is crumbling imo.

Throughout my working life I paid into a personal pension, it didn't really interest me and I left it to my advisor which was a mistake. Some of these people it seems are in it for themselves only. My pension was moved to different companies quite a few times and I now realise it was probably down to inducements and bigger management fee's for her. Now I have both pensions combined and while in a "safe," fund are accumulating nicely. Needless to say the advisor is gone but the inheritance tax is a worry.

Greece can get quite cold in January and February, colder than the UK

I never understood why people move their pension capital out of the stock market. In this case he has enough income to live on a good life, perhaps he has cash savings in ISA for emergencies, so all of his pension should be invested for growth

Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.

Guiide is a great tool for UK residents, it is just the thing I've been looking for to test out my financial plan. I thoroughly recommend giving it a try.

The worst aspect of lifestyling is that it takes no account of the strength of the bond market when the assets start being sold off to buy into bonds, classic one-size-fits-all but as we all know your retirement is probably one of the most unique and personal things you will ever plan in your life, lifestyling goes against that. The lifestyling can be as bad as 75% in bonds which is crazy when you need that final push towards the handover into retirement. The lifestyling kicks in at a low point and it's like just taking your foot of the accelerator on the hard-shoulder and letting the car just coast along on whatever car's engine can manage, everyone else is passing you by at 70 and you're oblivious to the fact that you're not getting anywhere. I engaged with an IFA this year and it was one of the first things to be discussed and checked, they still advise use of bonds but only as a "smoothing" mechanism to ride out the worst of any sequencing risks and even then they said max 3%-5% of the fund is permanently held in bonds just as a small buffer so when you start drawing you can bump over down turns in equity performance for a couple of months.

So cambodia isnt your number one...thats ridiculous...😂

I was sold by the government extra years cash contributions to get an increased pension...... If i dont receive my pension for any reason including means testing - then that is FRAUD!

She's lovely

Inheritance tax change was announced but not implemented until April 2027. I guess we all expect to live beyond that so there's time to make plans if you don't die in the next 2 years 4 months.

I worked 49 years here in England I am foreign, a resident and a genuine citizen Why are they doing this to us? Are they collecting money for the boat riders? Bloody disgusting

Clearly explained and very informative. Thank you.

What if he was 100% equities from the outset? Presumably an even bigger “loss”.

The Pension companies (who probably know a bit about asset allocations) do not do a lot about making it easy to move back into equities. The real risk is leaving pensions to get worn away by inflation. True the funds suffered during crashes but always more than made up for themselves over bonds in the long term.

Did they have " Lifestyling " pensions 20 years ago ? I thought target date pensions were a relatively new concept. Interesting video.

I adjusted my presumed retirement age from 67 to 75 to keep the lifestyle ratio at bay on my Scottish Windows pension.

Funny thing is, many people would be better of with an annuities while interest rates were low.

Thank you Dianne

France for me, the UK is one big open prison, since the population were conned into leaving Europe.With terrible roads, terrible public transport, ridiculous taxation and a crumbling health service.

I'm 55 and taken my 25% tax free and paid off my house. Yahoo, that is why I worked since I was 16. No more worrying about these mad interest rates!

They are going to tax it all and any saving is not worth!!

Over 30k and leeches like u suck the life out of a pension

The company I worked for moved my funds to a Lifestyling fund without my knowledge (with Scottish Widows) and lost £15k

Thanks Diane, great video with an important message. Really good that you're highlighting this - it took me a long time to recognise the implications 😮. I ditched lifestyle funds a few years back for the reasons you highlight. I'm now on a crusade with my kids to get them to look at both the funds they're invested in and the platform charges of their old pension pots 👍

I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Evelyn Infurna. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

The best financial strategy I adopted was to get accustomed to frugal living when I was still working. This made it easier to slip into retirement when the money became, let's say, a bit less than before.

Lifestyling does not work. You don't know when you are going to retire or how to take your peension.

From my own experience, I've left and in some case sought out funds that are a minimum risk level 5 and in many more cases 6, 7 and even 8. My reward has typically been 10 to 12% p/a growth. Why on earth you would de-risk when you might have 30 years in retirement is beyond me! Methinks, this "life styling" is a myth created by pension providers who are providing extremely poor advice and guidance. My regret is that I didn't take charge of matters long before, when I could easily have doubled or even trebled what is now, thanks to my input, a very healthy pot.

Thank you so much for this amazing video! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?