82,000 BT Pension Scheme members could be £34k worse-off

Tens of thousands of Britons with cash in one of the country’s biggest employee pension funds have been warned they face being £34,000 worse-off after the Chancellor’s planned changes to inflation measures. The boss of the BT Pension Scheme, Morten Nilsson, has slammed the rule changes as a ‘massive transfer of wealth’ from pension savers with … Read more 82,000 BT Pension Scheme members could be £34k worse-off

What to do about your pension if you are made redundant

Kay Ingram:  When you find a new job ask about the pension scheme and join as soon as possible Kay Ingram is director of public policy at national financial planning group LEBC. With unemployment rising, many individuals face an uncertain future. While you look for new opportunities it is important to consider longer-term income needs and … Read more What to do about your pension if you are made redundant

How can you revoke an LPA if a relative chooses a bad attorney?

Lasting power of attorney is a vital failsafe if you fall ill, but it does rely on whether those you appoint to handle your finances are competent and trustworthy. The number of people registering to let loved ones take control if they are incapacitated has soared to more than 800,000 a year, according to the … Read more How can you revoke an LPA if a relative chooses a bad attorney?

What is PensionBee’s new Fossil Fuel Free plan and should you commit?

Romi Savova is the chief executive of PensionBee, which was founded in 2014 Investors keen to ditch big oil and gas companies from their pension funds have the option to go fossil fuel free from as early as next year if they sign up their savings to a brand new tracker fund set for launch … Read more What is PensionBee’s new Fossil Fuel Free plan and should you commit?

How do you split final salary and defined contribution pensions in divorce?

My daughter is divorcing her husband. They have been married for 18 years and lived together before that for seven years. She works part-time for her local council and has a final salary pension with a cash equivalent transfer value of £120,000. She is 45 years-old. Her ex has a private pension worth £280,000. He … Read more How do you split final salary and defined contribution pensions in divorce?

Is it ever worth cashing in small pension pots or should I leave it?

Tidying up: Should I cash in an old pension worth £600 I am tidying up my pensions as at 56 I need to be more organised with my finances. I have come across a pension with £600 in that was paid in by my employer for the six months I worked there back in 2001. … Read more Is it ever worth cashing in small pension pots or should I leave it?

Eight ways to boost your state pension payments

State pension payments worth billions of pounds being sacrificed because people don’t know they’re entitled to claim them: Eight ways to boost yours By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:51 GMT, 21 November 2020 | Updated: 09:15 GMT, 22 November 2020 State pension payments worth billions of pounds are being sacrificed because … Read more Eight ways to boost your state pension payments

Eight ways to boost your state pension payments

State pension payments worth billions of pounds being sacrificed because people don’t know they’re entitled to claim them: Eight ways to boost yours By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:51 GMT, 21 November 2020 | Updated: 21:51 GMT, 21 November 2020 State pension payments worth billions of pounds are being sacrificed because … Read more Eight ways to boost your state pension payments

GMP equalisation must also cover pension transfers, rules High Court

Businesses could have to redo their sums for savers who transferred out of their pension schemes as well as those who stayed, following the latest ruling in a complex legal saga. A landmark court ruling which two years ago ordered Lloyds Banking Group to make sure everyone’s retirement benefits are ‘equalised’ has already had far-reaching … Read more GMP equalisation must also cover pension transfers, rules High Court

Hunt for women underpaid state pension has begun, says DWP

Steve Webb’s petition: After it hit 10,000 the Government was obliged to issue a formal response to him and all those who signed. The Government has begun the ‘significant task’ of searching its records for married women who might be underpaid state pension, it has revealed. It is also exploring how to check most effectively … Read more Hunt for women underpaid state pension has begun, says DWP