It’s time the Government faces up to the state pension scandal and pays ALL the women owed money, says JACK DROMEY MP By Jack Dromey For This Is Money Published: 07:35 BST, 9 July 2020 | Updated: 07:35 BST, 9 July 2020 Jack Dromey: ‘Labour wants to know how many women have been affected, who … Read more
Married women may have missed out on thousands of pounds of state pension money because vital letters were sent to their husbands. Wives are entitled to a state pension worth 60 per cent of their husband’s when he retires, but before 2008 they had to make the claim themselves. However, Money Mail can today reveal … Read more
Two thirds of parents are hanging onto money rather than giving early inheritances in case their children lose it in a divorce, new research reveals. Many believe that the coronavirus lockdown will trigger a rise in divorce rates, and are only gifting small amounts or giving directly to their grandchildren. Some 27 per cent of … Read more
Please can you help a slightly confused retired teacher? I was born in February 1955. After 21 and a half years of full-time teaching in the state sector I took early retirement aged 57 in 2012 and since then have been receiving my teachers’ pension though the Teachers’ Pension Scheme. I have not had any … Read more
Divorced women are retiring on pensions a quarter the size of men’s, but break-ups take a financial toll on both genders, new research shows. Women who split with their partners reach retirement with savings of around £26,100, while divorced men have £103,500 by the time they stop work. That vastly undershoots the £51,000 and £156,500 … Read more
Mark Carney and Comic Relief’s Richard Curtis launch campaign to invest Britain’s £3trillion pension savings in tackling climate change Curtis wants pension industry to commit to net-zero carbon emissions by 2050 Funds should be required to report on sustainable investing progress, he says Carney has previously warned pensions funds risk seeing assets become ‘worthless’ unless they … Read more
Thousands of savers have used their time in lockdown to get their old pension pots working for them again. Pension platforms have reported a rise in people taking control of how their savings are invested. Interactive Investor recorded a 44 per cent increase in savers transferring retirement money into its self-invested personal pension (Sipp) this … Read more
Senior staff at our firm were asked to take pay cuts of up to 20 per cent. Mine took me back into the basic rate income tax bracket. What happens to my pension contributions on which I was benefiting from higher rate relief? Pension impact: I took a pay cut and I’m back to paying basic … Read more
Government spurns calls for full proactive effort to make payouts to women losing out out on thousands of pounds in state pension Labour urged Pensions Minister Guy Opperman to launch a full investigation Tens of thousands of elderly women could be owed an estimated £100million ‘Many don’t know yet to this day,’ says Shadow Pensions … Read more
We are much worse off from losing benefits since I began drawing my state pension – can I stop taking it? Steve Webb replies By Steve Webb for This Is Money Published: 07:35 BST, 29 June 2020 | Updated: 07:35 BST, 29 June 2020 I have just started receiving my state pension. Before this my … Read more