Chancellor Rishi Sunak to raid pensions for UK’s growth fund: Treasury draws up plan to help boost economy By Emma Dunkley, Financial Mail On Sunday Published: 21:51 BST, 26 June 2021 | Updated: 22:08 BST, 26 June 2021 The Government has held private talks over plans to channel tens of billions of pounds of pension … Read more
Women aged over 50 are heading for retirement with pensions HALF the size of men’s average £82,000 pots Women aged 50-plus have around £43,000 in private pensions on average Men have around £82,000, and also have higher cash savings How do you plug the gap? Read a guide to sorting out your pension below By … Read more
Could your pension run dry? Retirees want £21,000-a-year to spend – but two-thirds are warned their pension pots could run out Many people who retired during lockdown could end up hard up for cash Retirees need a pension pot of around £390k and the state pension, SLA says Rising inflation means people look set to … Read more
‘Unclaimed winning lottery tickets’: Steve Webb has helped three more women get huge state pension payouts from the Government Around 5,000 women on tiny state pensions of £1 a week could be due backpayments worth tens of thousands of pounds, former Pensions Minister Steve Webb has revealed. This small group of women might be ‘sitting … Read more
5,000 women could be in line for payouts ‘similar to a lottery win’ over underpaid pensions scandal Government sent thousands of letters to women who were underpaid pensions Sir Steve Webb has said 5,159 of them could be owed an average of £45,000 They should contact the Department for Work and Pensions as soon as … Read more
More than 74,000 married women are set for a £23,000 windfall due to underpaid state pensions. They are part of a group of 200,000 pensioners, including widows and over-80s, who are owed £3billion in total. The fund was announced after the Government found systemic failures to automatically award pension pay rises stretching back 30 years. … Read more
More than 74,000 married women are set for a £23,000 windfall due to underpaid state pensions. They are part of a group of 200,000 pensioners, including widows and over-80s, who are owed £3billion in total. The fund was announced after the Government found systemic failures to automatically award pension pay rises stretching back 30 years. … Read more
Victims of mis-sold pensions are being advised they might be better off making a claim themselves rather than going through a third party. New figures reveal that DIY claims stand a good chance of success – saving thousands of pounds in commission that might have otherwise gone to claim management companies or law firms acting … Read more
Older wives and women who divorced in retirement urged to check if they are entitled to a better pension By Ben Wilkinson for the Daily Mail Published: 22:01 GMT, 9 March 2021 | Updated: 22:01 GMT, 9 March 2021 The Government has put aside £3bn to pay around 200,000 wives, widows and over-80s who should … Read more
SIMON LAMBERT: Steve Webb and This is Money investigating underpaid state pensions has scored a £3bn victory – make sure you check yours By Simon Lambert for Thisismoney.co.uk Published: 06:00 GMT, 4 March 2021 | Updated: 06:00 GMT, 4 March 2021 This is Money columnist Steve Webb says: ‘ ‘Repayments of £3billion over the next five … Read more