Many Britons in workplace pensions may be heading for financial catastrophe in retirement because they are relying on outdated forecasts, according to financial services provider PTL. It warns some people currently saving into defined contribution pensions could face a retirement filled with financial hardship, and in some cases poverty, because they are being given a … Read more
More than 100,000 retirees could be losing out on thousands of pounds every year because they have not been told they can now claim a state pension. State pension rules mean that those who do not qualify for the benefit when they reach retirement age could still later be entitled — but the Government is … Read more
Top up your pension when children fly the nest and you have paid off your mortgage, experts advise By Money Mail Reporter For The Daily Mail Published: 22:00 BST, 11 May 2021 | Updated: 22:08 BST, 11 May 2021 Pension savers should be nudged to increase their contributions at key life stages, such as when … Read more
Millions of savers could face poorer retirement than hoped for due to flawed projections of how much their pension pot might be worth at retirement By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:50 BST, 8 May 2021 | Updated: 21:50 BST, 8 May 2021 Millions of savers could face a poorer retirement than … Read more
I worked to get my full state pension in retirement, so why are people on pension credit better off than me? Steve Webb replies By Steve Webb for This Is Money Published: 08:01 BST, 3 May 2021 | Updated: 08:01 BST, 3 May 2021 As I retired this year, I was given the full pension … Read more
Millions of over-50s could be tens of thousands of pounds worse off in retirement after cutting pension contributions during the pandemic One in eight workers aged over 50 cut their pension payments in Covid crisis Expert says savers should consider every possible alternative before doing this Do you need help fixing your finances? Find a … Read more
Millions of over-50s could be tens of thousands of pounds worse off in retirement after reducing their pension contributions during the pandemic By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:51 BST, 1 May 2021 | Updated: 21:51 BST, 1 May 2021 Millions of over-50s could be tens of thousands of pounds worse off … Read more
When I am 55, can I take my 25 per cent lump sum and put it in a Sipp, as this would give me access to many more investment funds than the handful available in my defined contribution work scheme? I would prefer to keep my work pension going though so I can still put … Read more
Low interest rates drive retirees towards riskier investments: What should you do to reduce the hazards? Rock bottom rates have influenced older people’s financial decisions Some may invest in products not covered by compensation scheme What steps should you take to ensure protection? Find out below Do you need help fixing your finances? Find a … Read more
I have just received notification of my weekly amount of state pension for this year, albeit 3 weeks after the date at the top of the letter!! My husband died four years ago and I inherited his Serps. I paid full married woman’s National Insurance contributions for the 13 years that I worked full time. … Read more