State pension triple lock ‘under threat’ as low inflation and depressed pay make the 2.5% guarantee look cripplingly expensive The ‘triple lock’ could come under threat as inflation is set to fall further CPI could turn negative in September if the economy does not recover Webb says this could be the opportunity the Government needs … Read more
How will drawing my state pension affect my TfL pension and what happens if I work part-time? Steve Webb replies By Steve Webb for This Is Money Published: 07:42 BST, 15 June 2020 | Updated: 07:42 BST, 15 June 2020 I will be 66 in December. I have a private pension from Transport for London. … Read more
Lawyers are raising the alarm about banks releasing vast sums to bereaved relatives who have no legal authority over a loved one’s finances. A ‘wild west’ scenario is allowing people to access amounts of £100,000-plus without getting probate, an important step to gain control over a deceased person’s assets, they say. Financial institutions should adopt … Read more
Are you a victim of bad pension advice? Compensation hopes for savers cheated out of generous final salary schemes By Ben Wilkinson for the Daily Mail Published: 22:02 BST, 9 June 2020 | Updated: 22:02 BST, 9 June 2020 Cheated savers who were persuaded to move their money out of generous final salary pension schemes … Read more
I will be 70 on in February 2021. I have not taken my state pension at all and have been living on my saving accounts as they are paying almost nothing. I’m single and have no mortgage or loans. I’ve been getting conflicting advice from people, saying I have been silly and have lost a … Read more
Carole and Stephen Graham: She received £8,600 after the Government blunder Pressure is mounting on the Government to pay tens of thousands of elderly women a fortune in lost state pension following a scandal uncovered by This is Money. The Labour Party and influential pension experts are demanding urgent action to address an estimated £100million … Read more
People who fear they were badly advised to abandon a valuable final salary pension are being told by City watchdogs to check if they have grounds for a formal complaint. A new ‘advice checker’ sets out the correct process to be followed during pension transfers, and explains how to complain and take your case to … Read more
Around one in six people have sought paid for or free financial help since the coronavirus outbreak but the vast majority are going it alone, new research shows. Some 4 per cent have consulted a financial adviser for the first time during the pandemic, a period marked by volatile markets and mounting job losses, and … Read more
Free TV licences for over-75s should be saved for ‘moral and public health reasons’, says charity for the elderly Age UK. The BBC postponed axing the perk due to the coronavirus outbreak, after the Government withdrew funding for it starting this month, but the extension ends on 1 August. Age UK is urging a rethink, … Read more
Are you banking on a big inheritance? Many are hoping a generous bequest will support them in old age Nearly one in five adults anticipate receiving a significant sum Young and middle aged are more likely than over-55s to expect a big bequest Plan for not getting an inheritance in case of disappointment, warns Hargreaves … Read more