Penny-pinching police chiefs are attacking the pensions paid to hero officers injured in the line of duty. Disabled and traumatised former officers are being hauled before medical review panels in ‘unlawful’ attempts to cut their pension packets, campaigners claim. Around 13,000 wounded officers who can no longer work receive an injury pension, with the money … Read more
Divorced women are retiring on pensions a quarter the size of men’s, but break-ups take a financial toll on both genders, new research shows. Women who split with their partners reach retirement with savings of around £26,100, while divorced men have £103,500 by the time they stop work. That vastly undershoots the £51,000 and £156,500 … Read more
Mark Carney and Comic Relief’s Richard Curtis launch campaign to invest Britain’s £3trillion pension savings in tackling climate change Curtis wants pension industry to commit to net-zero carbon emissions by 2050 Funds should be required to report on sustainable investing progress, he says Carney has previously warned pensions funds risk seeing assets become ‘worthless’ unless they … Read more
Thousands of savers have used their time in lockdown to get their old pension pots working for them again. Pension platforms have reported a rise in people taking control of how their savings are invested. Interactive Investor recorded a 44 per cent increase in savers transferring retirement money into its self-invested personal pension (Sipp) this … Read more
Investment firm led by dealmaker that shelled out thousands to meet Prime Minister weighing up £100m sale of pensions advisory company it owns By Ben Harrington, Financial Mail on Sunday Published: 21:51 BST, 27 June 2020 | Updated: 21:51 BST, 27 June 2020 An investment firm led by a dealmaker that has shelled out thousands … Read more
The coronavirus pandemic could force one in five people to delay retirement, as the knock-on financial crisis damages pension savings. The impact is causing many to rethink plans, even younger workers who have plenty of time to recover investment losses, according to an Aegon study. Separate research found half of all workers say the financial … Read more
Are you a victim of bad pension advice? Compensation hopes for savers cheated out of generous final salary schemes By Ben Wilkinson for the Daily Mail Published: 22:02 BST, 9 June 2020 | Updated: 22:02 BST, 9 June 2020 Cheated savers who were persuaded to move their money out of generous final salary pension schemes … Read more
Regulator warns it has ‘serious concerns’ over train companies’ £7.5bn pensions black hole By City & Finance Reporter for the Daily Mail Published: 21:50 BST, 11 April 2019 | Updated: 21:50 BST, 11 April 2019 Train companies are facing a pensions black hole estimated to be worth £7.5billion. The Pensions Regulator has warned it has … Read more
Fears savers will end up paying double tax if forced to dip into pensions early in the coronavirus crisis By Ben Wilkinson for the Daily Mail Published: 22:01 BST, 19 May 2020 | Updated: 22:01 BST, 19 May 2020 Former pensions minister Steve Webb warns that overtaxing on pension withdrawals will be worse in lockdown … Read more
How many state pensions have been underpaid? Steve Webb joins the This is Money podcast to discuss our investigation By This Is Money Published: 17:59 BST, 15 May 2020 | Updated: 17:59 BST, 15 May 2020 Underpaid state pensions, the reopening of the property market and whether house prices will fall and the furlough scheme extension, … Read more