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
Pension age deadlines are far more fluid nowadays as older people have gained greater control over when they retire and how they run their finances in old age. If you’re well prepared to navigate the years between 55 and 75, you can mostly arrange your transition into retirement to your own liking and individual needs. … Read more
Ros Altmann: The Government had a duty to ensure women affected by age rise were aware of it, so they could adjust their plans A landmark case against the increase in women’s state pension age to 66 has been dismissed by the Court of Appeal. Two claimants, supported by the BackTo60 group, argued that raising … Read more
Petition: Hundreds of emails have poured in from readers anxious to know if they have missed out on state pension since we began our investigation Former Pensions Minister and This is Money columnist Steve Webb has launched a petition calling on the Government to trawl its records for all women underpaid state pension, including widows and … Read more
It starts with an out-of-the-blue phone call, email or text message and an offer to help with your pension: a plausible pitch explaining how you can enjoy a richer retirement in a few simple steps. The promise sounds too good to be true, and it almost certainly is. Yet pension-scam victims are still losing millions … Read more
Government dodges issue of when women underpaid £100m in state pension will get justice – and blames a Labour rule change for the debacle Tens of thousands of elderly women could be owed £100m in state pension Labour MPs have pressed the Government to say what it is doing to investigate Pensions Minister Guy Opperman … Read more
One in 10 workers freeze pension saving during the Covid-19 crisis, risking the loss of tens of thousands from retirement pots People are giving up pension saving because they need cash for essentials Other reasons are being made redundant or furloughed, says Canada Life A 30-year-old earning £30,000 stands to lose more than £45,000 by … Read more
Savers looking to ditch final salary pensions could be at heightened risk of moving to suspicious schemes during the coronavirus pandemic. A steep rise in ‘red flag’ cases, which have one or more hallmarks of a scam, has been highlighted by anti-fraud detectors hired out to employers by consultancy firm XPS Pensions . The number … Read more
Few of us expect to give up work altogether in our 50s. But a growing number of us are dipping into our pension before retirement age. Currently, savers can access their private pension at 55 – more than a decade before their state pension. But, last week, ministers confirmed new rules that will force anyone … Read more