Unlocking pension cash could mean missing out on benefits later

Unlocking pension cash could mean missing out on benefits and other entitlements later in life, experts warn By Money Mail Reporter For The Daily Mail Published: 17:01 EDT, 21 September 2021 | Updated: 05:13 EDT, 22 September 2021 Pension savers could unwittingly cut off their entitlement to certain benefits and other financial help by releasing … Read more

Savers can beat state pension pot age hike thanks to loophole 

Savers can beat plans to hike the age they can get their hands on their state pension pot thanks to loophole By Ben Wilkinson for the Daily Mail Published: 17:01 EDT, 20 July 2021 | Updated: 17:01 EDT, 20 July 2021 A loophole means savers can still beat government plans to hike the age they … Read more

Ombudsman slams DWP failures in telling women about pension age delay

Campaign: WASPI has protested about the ‘unfair’ way state pension age changes were implemented Women whose state pension age was raised to 66 have renewed calls for compensation after the Parliamentary Ombudsman accused the Government of ‘maladministration’ over delays to informing them about the changes. In a report published today, the Parliamentary Ombudsman highlighted government … Read more

Pension freedom costing savers £2bn as pots are left in cash accounts

Pension freedom is costing savers £2bn because their pots are wasting away in low-interest cash accounts Pension freedoms give savers aged over 55 free rein of their retirement savings Research shows more than 1.7million savers have taken their pension out in full One in three are feared to have moved their money to low-interest cash … Read more

Claim pension credit if you are eligible, and receive at least £173.75 a week

Hard-up elderly people are being urged to apply for pension credit to boost their income, as the number in poverty soars to 2.1million. Black and Asian older people are most at risk of struggling to make ends meet in later life, while over-85s, renters, and single female pensioners are also among those more likely to … Read more

Claim pension credit if you are eligible, and receive at least £173.75 a week

Hard-up elderly people are being urged to apply for pension credit to boost their income, as the number in poverty soars to 2.1million. Black and Asian older people are most at risk of struggling to make ends meet in later life, while over-85s, renters, and single female pensioners are also among those more likely to … Read more

Would you like to stay in your work pension in retirement?

People in workplace pension schemes run by Standard Life are being invited to stay put in retirement, rather move their pots when they want to start making withdrawals The pensions giant, which will offer this option to 1.5million savers, says there will be no additional charges for ‘in-scheme drawdown’ and you can transfer in other … Read more

Self-employed may be forced to work for YEARS longer if they cut pension payments during pandemic

Hundreds of thousands of self-employed people have endured a tough 14 months as business has plummeted.  Only the Government’s income support scheme has kept many afloat.  Understandably, those who run their own businesses have looked to batten down the hatches – and often, it has been the contributions they make into a pension that have … Read more

British Airways hands over pension fund management to BlackRock

British Airways hands over the running of its mammoth £21bn pension fund serving 85,000 members to US investment giant BlackRock Transfer of management involves the Airways Pension Scheme  It also encompasses the New Airways Pension Scheme which shut in 2018  By Jane Denton For Thisismoney Published: 12:20 BST, 2 June 2021 | Updated: 12:26 BST, … Read more