Daily Mail News Articles

Protect the elderly from ‘catastrophic’ care costs with a £46k cap and stump up an extra £7bn, MPs tell GovernmentMeans-tested system is unfair, confusing, demeaning and frightening, say MPsThe £46k cap is the same suggested by the influential Dilnot report in 2011 It would cost around £3.1billion by 2023–24, according to MPs’ estimateBy Tanya Jefferies for Thisismoney.co.uk Published: 08:41 EDT, 22 October 2020 | Updated: 08:41 EDT, 22 October 2020

Steelworkers cheer £2bn pension deal: 30,000 set for retirement boost as insurance firm agrees to buy out the old British Steel SchemeBy Francesca Washtell For The Daily Mail Published: 17:15 EDT, 21 October 2020 | Updated: 17:27 EDT, 21 October 2020

‘I didn’t know what to do or who to turn to’: Cancelled chemo, no savings and bills mounting up – cancer sufferers reveal how the pandemic has hit them, and where they finally found helpBill McGregor tells This is Money about his financial woes after cancer diagnosisSingle mum Catherine has brain tumours and was left with no savings Macmillan says their staff have seen ‘substantial’ rise in calls amid the pandemicAny long-term serious illness can have a marked impact on financesThere is support available and people should not be afraid to seek out helpEmail [email protected] if you have cancer and money troubles  By Jane Denton For Thisismoney Published: 07:37 EDT, 21 October 2020 | Updated: 15:26 EDT, 21 October 2020

The triple lock means annual state pension rises are decided by whatever is the highest of price inflation, average earnings growth or 2.5 per cent.

Warning the older generation is facing a bleaker, poorer retirement as Covid-19 has ‘sabotaged’ their pension plansA fifth of people approaching retirement are putting it off, finds surveyMany fear investment losses in pandemic mean they can never retire Number who believe lifestyle will improve in retirement has halved in past yearBy Tanya Jefferies for Thisismoney.co.uk Published: 19:01 EDT, 20 October 2020 | Updated: 19:01 EDT, 20 October 2020

Men and younger workers are more likely to shun pension saving during the jobs upheaval triggered by the Covid-19 pandemicSome 14% of people have cut their contributions, and 11% stopped themA further 8 per cent may take one of these actions in future Men and younger workers are at more risk of damaging retirement prospects By Tanya Jefferies for Thisismoney.co.uk Published: 08:32 EDT, 20 October 2020 | Updated: 09:15 EDT, 20 October 2020

As part of This is Money’s greener finance series, we asked Diandra Soobiah, Nest’s head of responsible investment, to reveal why cutting carbon is the right thing to do to protect people’s pensions.

State pension set to rise 2.5% next April: ‘Triple lock’ will determine annual increase as inflation rate is forecast at just 0.4%Consumer price inflation expected to have risen to 0.4% in September It means triple lock guaranteeing a 2.5% rise in state pension will kick in Retirees to get an extra £4.40 a week in state pension, from £175.20 to £179.60 By Camilla Canocchi for Thisismoney.co.uk Published: 08:05 EDT, 19 October 2020 | Updated: 08:05 EDT, 19 October 2020

I have more than £1m in my pension pot and my scheme says I can retire from age 50 – but isn’t the minimum age 55? Steve Webb repliesBy Steve Webb for This Is Money Published: 02:37 EDT, 19 October 2020 | Updated: 02:37 EDT, 19 October 2020

Government pressed to adopt ‘pension bonus’ plan to end the unfair penalty that hits low paid workersSome 1.5million poorly paid staff lose Government payments into their pensionsThis free pension cash is automatically given to better paid workers The Treasury put forward four potential fixes to tax flaw over the summer Experts favour solution where HMRC would pay’ bonuses’ into workers’ funds By Tanya Jefferies for Thisismoney.co.uk Published: 02:36 EDT, 19 October 2020 | Updated: 02:36 EDT, 19 October 2020