Legions of older women who divorced later in life could be missing out on thousands of pounds in extra state pension cash. There has been a surge in so-called ‘silver splitters’ since the turn of the century, but many may not know they can claim a better pension when single. A married woman is entitled … Read more
The rise in state pension age to 66 today has reignited calls for people to be given the option of drawing it earlier, but on a reduced income. Increased unemployment and caring responsibilities among older people during the Covid-19 pandemic mean the idea should be looked at again, say some pension experts. Older people who want … Read more
Investing in a pension is a far simpler task than it once was, with a whole host of mobile, online and face to face options available today. Thanks to the rise of self-invested personal pensions, or Sipps as they are commonly known, it is possible to easily build and manage a retirement pot of shares, … Read more
My final salary pension is being moved to an insurer – can I now invest my pot in a drawdown scheme? Steve Webb replies By Steve Webb for This Is Money Published: 07:42 BST, 5 October 2020 | Updated: 07:42 BST, 5 October 2020 I am in my early 60s and took my final salary … Read more
Here are the recent and future changes to the state pension age, so you can find out when you will be allowed to retire. What is happening to the state pension? The state pension age is rising. And it’s happening at breakneck speed. For donkey’s years, the age at which you could claim your state … Read more
Pension giant Aviva promises £32bn fund belonging to 2m savers will meet 2050 green climate target Aviva is the second major pension provider to declare new climate strategy State-backed Nest announced plans to switch investments of its 9m members Nest’s move affects more savers, but its fund is worth around £12.2bn Celebrity film director Richard … Read more
State pension: The full rate is currently £175.20 a week, or around £9,100 a year Older people must reach the age of 66 before they can draw the state pension, starting from next week. The state pension age has been hiked for both men and women – though far more dramatically for the latter – as … Read more
My sister and I have had lasting power of attorney (LPA) for our father for a number of years. He was diagnosed with dementia in March and has signed another LPA that he doesn’t remember doing. He’s very upset about this and doesn’t want this LPA in place as our brother, who has got him … Read more
My firm is launching a salary sacrifice scheme – but I’m 62, so is it worth joining? Steve Webb replies By Steve Webb for This Is Money Published: 07:58, 21 September 2020 | Updated: 07:58, 21 September 2020 My company is in the process of starting salary pension exchange. I am 63 in December. Is … Read more
One in three older people leave retirement planning until two years before stopping work or don’t prepare at all, though experts believe you should start getting your finances in order in your 50s. More than half of people who have recently retired would also warn the next generation to do more planning, to save harder … Read more