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...
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 Thousands of...
'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...
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...
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...
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...
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 I joined my ex-employer’s...
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...
Elderly woman on state pension of £11 a week receives almost £19k after our probe: DWP slammed for fobbing off women who question it over errorsBatul Khanbhai, 70, has payments hiked to £67.49 after battling for months Cross-party pressure mounts on DWP to address...
Time to plan your legacy.com: From online passwords to photos and music, writing a will for the digital age has never been more importantAs we store more of our lives online our wills have to reflect this tooPossessions include money on banking apps as well as photos...
We handed over your complaints about the licence fee for the over-75s: These are the questions the BBC was too arrogant to answerThe Mail on Sunday answers the questions about your licence fee The BBC revealed earlier this year it was going to charge over 75's We...
Why did I get a free state pension credit while in school, but none in my university years? Steve Webb repliesBy Steve Webb for This Is Money Published: 02:42 EDT, 12 October 2020 | Updated: 02:42 EDT, 12 October 2020 I have a query regarding my National Insurance...
Stick shares in your pension with no dealing fees: Freetrade to launch a Sipp to rival Hargreaves Lansdown, Interactive Investor and AJ BellFreetrade was founded in 2015 and offers a 'freemium' share dealing serviceUsers can invest in shares, ETFs, and investment...
The silver splitter women who don't get their pension share: Women who divorced later in life are missing out on thousands of poundsThere has been a surge in so called 'silver splitters' since the turn of the century A married woman is entitled to the equivalent of...
VICTORIA BISCHOFF: Fix this pension outrage before more women are denied the retirement they deserveBy Victoria Bischoff for the Daily Mail Published: 17:00 EDT, 6 October 2020 | Updated: 04:36 EDT, 7 October 2020 Pensions minister Guy Opperman needs to wake up to the...
State pension age rises to 66 TODAY: Should people be allowed to draw state pension early but receive smaller payouts?Rise in state pension age kicks in today - all must be 66 to receive it Full state pension is currently £175.20 a week, or around £9,100 a yearSome...
My final salary pension is being moved to an insurer - can I now invest my pot in a drawdown scheme? Steve Webb repliesBy Steve Webb for This Is Money Published: 02:42 EDT, 5 October 2020 | Updated: 02:42 EDT, 5 October 2020 I am in my early 60s and took my final...
Pension giant Aviva promises £32bn fund belonging to 2m savers will meet 2050 green climate targetAviva is the second major pension provider to declare new climate strategy State-backed Nest announced plans to switch investments of its 9m membersNest's move affects...
Men and women must now wait until 66 to receive their state pension, but it could pay out £219,000 at today's rate if you live to 90Rise kicks in on Tuesday and applies to anyone born after 5 October 1954Full rate state pension is currently £175.20 a week, or around...
Help! My brother persuaded our father to give him power of attorney and now plans to cash in his shares to buy goldBy Tanya Jefferies for Thisismoney.co.uk Published: 02:41 EDT, 2 October 2020 | Updated: 02:41 EDT, 2 October 2020 My sister and I have had lasting power...
Thousands of women left poorer by the rise in state pension age had invested their hopes and money in a court victory that would see them receive their state pension backdated to the age of 60.
How far ahead do you need to plan retirement? When do you start, and what FIVE key steps should you takeMany people wait until two years before stopping work or do nothingCovid-19 is hitting savers' plans, so experts say it is best to start planningFind out the vital...
My firm is launching a salary sacrifice scheme - but I'm 62, so is it worth joining? Steve Webb repliesBy Steve Webb for This Is Money Published: 02:58 EDT, 21 September 2020 | Updated: 02:58 EDT, 21 September 2020 My company is in the process of starting salary...
Watch out for pension deadlines: Prepare for the 55, 65 and 75 age milestones to make retirement comfortableBy Tanya Jefferies for Thisismoney.co.uk Published: 06:58 EDT, 11 August 2016 | Updated: 07:25 EDT, 18 September 2020 Pension age deadlines are far more fluid...
Women's state pension age ruling is disappointing but not entirely unexpected - all hope isn't lost yet, says ROS ALTMANNGovernment didn't get it wrong increasing state pension age for womenProblem relates more to maladministration and misinformation By Ros Altmann...
Is YOUR pension a sitting duck for scammers? A lifetime's savings can be lost in an instant because vital protections are not in placePension freedom reform of 2015 have helped cause a fraud frenzy, experts warnThe scams aren't new but 'liberalised' pensions has...
Petition demanding a search for underpaid state pension for ALL elderly women is launched by campaigner Steve WebbMore than 1,600 people have already signed the former minister's petitionTens of thousands of elderly women could be owed £100million in state pensionWebb...
Government dodges issue of when women underpaid £100m in state pension will get justice - and blames a Labour rule change for the debacleTens of thousands of elderly women could be owed £100m in state pensionLabour MPs have pressed the Government to say what it is...
My partner died suddenly after we lived together for 23 years: We never married, so do I have any right to his pensions? Steve Webb repliesBy Steve Webb for This Is Money Published: 03:50 EDT, 14 September 2020 | Updated: 03:50 EDT, 14 September 2020 I lived with my...
Who takes charge when parents die without a will? How to avoid a costly war breaking out between siblingsPeople who make a will appoint one or more executors to sort out an estateIf no one was selected to carry out this task, it can lead to a power struggle Disputes...
One in 10 workers freeze pension saving during the Covid-19 crisis, risking the loss of tens of thousands from retirement potsPeople are giving up pension saving because they need cash for essentialsOther reasons are being made redundant or furloughed, says Canada...
As the government prepares to turn off the furlough taps and withdraw its other coronavirus support schemes, perhaps it might be time to start thinking about your finances again.
HALF of final salary pension transfers since the Covid-19 outbreak have tell-tale signs that savers are being scammed, warn fraud expertsA steep rise in 'red flag' cases is being highlighted by anti-fraud detectorsThey have reported findings to MPs, who are probing...
So will you have to wait longer for your private pension? New rules coming in 2028 mean thousands of savers may need to rethink their retirement plansCurrently savers can access private pensions ten years before state pensionsNew rules will force anyone now aged 47 or...
My ex-husband contacted me recently because he intends to take advantage of the change in UK pension law, to allow him to withdraw 25% now and the balance in monthly or yearly payments.
I am 64 and don't get my state pension until I am 66. Will I be entitled to my late husband's state pension or have I been cheated out of that the way I have been cheated out of my state pension?
A report published today calls for employers to provide greater assistance to those workers who want to transfer their 'defined benefit' pension plan into a scheme that they can manage themselves.
Over-75s may STILL be able to claim a free TV licence - or spread the cost if they're struggling financiallyThe free TV licence for people aged 75 or over has been scrapped But claiming a Pension Credit would make you eligible for a free TV licence Or you can spread...