I’m a widow with young twins who inherited a £148,000 pension pot after my husband died, but it’s down 18% – what should I do? Steve Webb replies By Steve Webb for This Is Money Published: 07:27 BST, 6 April 2020 | Updated: 10:21 BST, 24 April 2020 I would like to ask you some … Read more
I have just read Steve Webb’s column about a lady believing she was divorced and she in fact wasn’t. I find myself in the same position. A decri nisi was issued but not a decri absolute. I only discovered this when applying for my state pension and they required a copy of the absolute. I … Read more
Advice on setting up a legal failsafe against falling ill while observing coronavirus lockdown and social distancing rules has been issued by the official oversight body. You can secure your finances in case you can no longer handle them by appointing someone you trust as attorney, usually a family member or friend, to take control … Read more
Millions of workers are being furloughed from their jobs in an attempt to limit permanent lay-offs, and the Government’s scheme protects pensions as well as wages. But that doesn’t mean furloughed staff will dodge a hit to their pensions, as they will typically only be getting 80 per cent of their usual salary, unless their … Read more
Workers with final salary pensions are likely be fearful about deepening deficits, not to mention the survival of their employers, thanks to the coronavirus markets crisis. Many savers have ditched these traditionally safe and generous pensions in recent years, tempted by huge transfer value offers, greater potential investment growth and inheritance advantages. But those considering … Read more
Coronavirus lockdown rules for funerals are expected to prompt a rise in direct cremations, which take place without a service. No frills cremations cost around £1,600 on average, and ashes are returned to a family afterwards, allowing them to organise their own personal memorial for a loved one at a time of their choosing. The … Read more
Will my final salary pension be affected by the coronavirus crisis? Steve Webb replies By Steve Webb for This Is Money Published: 07:33 BST, 20 April 2020 | Updated: 07:33 BST, 20 April 2020 I have a final salary pension. Will it be affected by what is going on now with the coronavirus? SCROLL DOWN … Read more
I want to make a will without putting myself or witnesses at risk and breaking coronavirus restrictions. How do I do it? Tanya Jefferies, of This is Money, replies: Lawyers tell us demand for making and updating wills is surging, which is understandable in the midst of a grave health crisis. But a person creating … Read more
Final salary pension pots locked as financial advisers can’t afford rising insurance costs By Miles Dilworth For The Daily Mail Published: 22:00 BST, 18 February 2020 | Updated: 15:53 BST, 19 February 2020 Savers face being locked out of their pension pots due to the rising costs of financial advice insurance. Workers can only access … Read more
I have had a difficult relationship with my father for over 15 years. I moved out of the family home and set up home with my partner with whom I now have a family. All communication ceased with my father and we have barely spoken since that time. My grandfather owned a significant property portfolio … Read more