moneypensions

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

Government dodges questions over when ALL women underpaid 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 says … Read more

A family war over who takes control when a parent dies intestate is increasingly common but costs people dear, lawyers warn. People who make a will appoint one or more executors to apply for probate and divide up an estate, but where no one was selected to carry out this task it can lead to … 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

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

My ex-husband contacted me recently because he intends to take advantage of the change in UK pension law, to allow him to withdraw 25 per cent of his pension in a lump sum (tax-free) and then receive the balance in monthly or yearly payments. As we have a UK divorce order from 2002 which ordered … Read more