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Redundancy has a 40% drag effect on pension savings

Redundancy has a 40% drag effect on pension savings

by The Baffled Entrepreneur | Jan 27, 2020 | Daily Mail News

People aged 39-54 who suffered compulsory redundancy have average pensions savings of £120,634 – while those who avoided being laid off have £202,017.
Nearly half of over-55s tapping pensions only take their 25% tax-free cash

Nearly half of over-55s tapping pensions only take their 25% tax-free cash

by The Baffled Entrepreneur | Jan 23, 2020 | Daily Mail News

Of those who start drawing an income, just two out of five do so immediately. Among those who wait, 40% put it off for at least half a year, and 24% delay for more than a year, says Hargreaves Lansdown.
Have you got a silver start-up idea to profit in your pension years?

Have you got a silver start-up idea to profit in your pension years?

by The Baffled Entrepreneur | Jan 22, 2020 | Daily Mail News

Lorraine Johnson-Rosner, 70, makes £10,000 to £15,000 a year selling similar rooms and gardens for dolls, plus vintage dolls and clothes for them.
Prudential promises victims of IT glitch will get pension payments

Prudential promises victims of IT glitch will get pension payments

by The Baffled Entrepreneur | Jan 22, 2020 | Daily Mail News

We reported last week how Peter Burgess (pictured) had been unable to access his pension pot, while Pat Savage had been waiting for a compensation payment for nearly three months.
Could YOU be a victim of the pension payback scandal? 

Could YOU be a victim of the pension payback scandal? 

by The Baffled Entrepreneur | Jan 22, 2020 | Daily Mail News

Sweeping reviews of pension calculations have uncovered tens of thousands of errors that have seen pensioners overpaid, and underpaid, for decades.
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