Many Britons are failing to put their affairs in order before they die, and potentially leaving their families to face an inheritance nightmare. A fifth of people say their parents definitely haven’t made preparations or drawn up any documents relating to their death, according to research by the investing platform Hargreaves Lansdown. One in four … Read more
Wives who were unaware they could claim a better state pension have their complaints thrown out By Ben Wilkinson for the Daily Mail Published: 22:01 BST, 18 May 2021 | Updated: 22:01 BST, 18 May 2021 The Parliamentary Ombudsman says it will not investigate grievances from wives who were denied backdated pension payments Married women … Read more
I am about to retire and I am keeping my final salary pension as I do not like risk. But I was just wondering, is it more financially viable to take the 25 per cent lump sum (it would be around £100,000) and just put it in a bank account to gain the tax-free element … Read more
Audrey and Brian Watson: Couple from Staffordshire sent a question to Steve Webb a year ago, sparking our investigation into a £3bn scandal – read their story here Elderly women battling the Government for full payouts of lost state pension have been dealt a bitter blow by the Parliamentary Ombudsman. A number have received phone … Read more
Many Britons in workplace pensions may be heading for financial catastrophe in retirement because they are relying on outdated forecasts, according to financial services provider PTL. It warns some people currently saving into defined contribution pensions could face a retirement filled with financial hardship, and in some cases poverty, because they are being given a … Read more
More than 100,000 retirees could be losing out on thousands of pounds every year because they have not been told they can now claim a state pension. State pension rules mean that those who do not qualify for the benefit when they reach retirement age could still later be entitled — but the Government is … Read more
Top up your pension when children fly the nest and you have paid off your mortgage, experts advise By Money Mail Reporter For The Daily Mail Published: 22:00 BST, 11 May 2021 | Updated: 22:08 BST, 11 May 2021 Pension savers should be nudged to increase their contributions at key life stages, such as when … Read more
Millions of savers could face poorer retirement than hoped for due to flawed projections of how much their pension pot might be worth at retirement By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:50 BST, 8 May 2021 | Updated: 21:50 BST, 8 May 2021 Millions of savers could face a poorer retirement than … Read more
I worked to get my full state pension in retirement, so why are people on pension credit better off than me? Steve Webb replies By Steve Webb for This Is Money Published: 08:01 BST, 3 May 2021 | Updated: 08:01 BST, 3 May 2021 As I retired this year, I was given the full pension … Read more
Millions of over-50s could be tens of thousands of pounds worse off in retirement after cutting pension contributions during the pandemic One in eight workers aged over 50 cut their pension payments in Covid crisis Expert says savers should consider every possible alternative before doing this Do you need help fixing your finances? Find a … Read more