Beware the early pension tax trap: Savers told not to make unnecessary early withdrawals By Ben Wilkinson for the Daily Mail Published: 22:00 BST, 12 May 2020 | Updated: 00:15 BST, 13 May 2020 Savers are being warned not to make unnecessary early withdrawals from their pensions or risk triggering a costly tax trap. With … Read more
Any saver expressing interest in ditching a final salary pension is to be warned off in a letter telling them it’s unlikely to be in their best interests. Regulators have ordered pension schemes to start sending anyone requesting a cash valuation a letter urging them not to act in haste during the coronavirus outbreak, and … Read more
Shell in first dividend cut since WW2: Blow to pensions as vital source of income is slashed by two-thirds after slump in oil prices By Francesca Washtell For The Daily Mail Published: 21:50 BST, 30 April 2020 | Updated: 22:02 BST, 30 April 2020 Shell has cut its dividend for the first time since the … Read more
Shares rally after worst quarter for pensions with the value of the average fund falling 15.2% By Hugo Duncan and Ben Wilkinson for the Daily Mail Published: 21:51 BST, 29 April 2020 | Updated: 22:05 BST, 29 April 2020 Shares around the world rallied as investors looked beyond grim economic figures from the United States … Read more