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.
Sweeping reviews of pension calculations have uncovered tens of thousands of errors that have seen pensioners overpaid, and underpaid, for decades.
My brother is buying my share of our late father’s house: Should I let him get started on renovations before probate is granted?By This Is Money Reporter Published: 02:26 EDT, 21 January 2020 | Updated: 06:23 EDT, 21 January 2020
Reputable firms don’t encourage savers to take money out of pensions before they are 55, in the form of a loan or any other kind of cash payout, due to the stiff tax penalty.
Pensions Minister Guy Opperman and shadow pensions minister Jack Dromey have called for for a new independent ‘arms-length’ government body in a think-tank report.
The Treasury is reportedly considering raising a key threshold where the controversial ‘taper’ kicks in from £110k to £150k, but pension experts think this will be ineffective or ‘a sticking plaster’.
If I accept my husband’s offer I would have less than half of the income that he is receiving, along with a five-year wait for my state pension. Lawyer Fiona Wood, pictured left, replies.
Pat Savage, 73, has been waiting since October for a compensation payment of around £3,500. The retired construction health and safety manager bought a standard annuity with the Prudential when he retired.
Thousands of taxpayers are not including correct information about their pensions on their annual returns, according to mutual insurer Royal London.
After meeting workers fleeced of their futures in the scandal, the now Prime Minister, pictured with victims with David Burgess, left, Sue Flood and Micky Nettle, pledged to take up their case.