Will my final salary pension be affected by the coronavirus crisis? Steve Webb replies By Steve Webb for This Is Money Published: 07:33 BST, 20 April 2020 | Updated: 07:33 BST, 20 April 2020 I have a final salary pension. Will it be affected by what is going on now with the coronavirus? SCROLL DOWN … Read more
I have multiple pension pots which I was advised to not bring together as I now don’t have enough time to recoup the transfer costs and they have continued to increase by small amounts each year. I am 52 and plan to retire at 55, in summer 2022. I am in receipt of a Royal … Read more
Parents have virtually no understanding that they could end up with a smaller state pension if they fail to fill in a child benefit form, according to government research. One mum described herself as ‘gutted’ when she realised she had missed out on valuable credits towards her pension, while others admitted they didn’t see the … Read more
Financial hardship is spreading rapidly and crooks are actively looking to take advantage of people’s struggles to get hold of their cash. While times are tough, it remains crucial to take stock and prevent criminals from selling you dodgy pension products, insurance deals or investments. With scammers scouring their sucker list and the dark web … Read more
Should state pension triple lock be axed to help pay coronavirus bill? It’s ‘not too much to ask’ elderly to sacrifice £4bn a year, think tank claims The triple lock guarantees the state pension rises by at least 2.5% a year A move to a double lock would base future increases on wage and price … Read more
I just found out I’m not divorced after 30 years! If I make it official finally, will it increase my state pension? Steve Webb replies By Steve Webb for This Is Money Published: 09:30 BST, 13 April 2020 | Updated: 09:30 BST, 13 April 2020 I have just found out I’m not divorced after 30 … Read more
Many older people need to draw an income from their pension investments to cover everyday bills, notwithstanding the recent market falls. Tom Selby, a senior analyst at financial services firm AJ Bell, explains how first-timers and experienced investors can avoid unnecessary losses and big tax bills. Pension freedom: Beware making big income withdrawals from investments … Read more
Pensioners are being forced to look for work and cancel holidays amid a payments backlog at one of Britain’s biggest insurers. One reader told Money Mail he had been waiting for the Prudential to release his pension pot for almost a month, while another had to wait three months for compensation. Savers have also complained … Read more
My 73-year-old mum is separated from my dad and on £80 a week state pension – should she get more? Steve Webb replies By Steve Webb for This Is Money Published: 07:50 BST, 3 February 2020 | Updated: 10:25 BST, 14 February 2020 My mum currently receives a reduced state pension of around £80 per … Read more
Pull your finger out and tell parents child benefit errors can hit their state pension, NICKY MORGAN MP warns the Government By Nicky Morgan Mp For This Is Money Published: 13:44 BST, 7 June 2019 | Updated: 14:09 BST, 7 June 2019 Nicky Morgan MP, chair of the Treasury Committee: ‘The problem was wholly foreseeable … Read more