Kathryn Tattum: All they told me when I rang up is there is a backlog. The system is so overwhelmed no one is taking responsibility Savers who fell foul of the state pension top-ups system have accused the Government of encouraging them to make unnecessary payments, then failing to help find and refund their cash. Untold … Read more
Conservatives and Labour likely to pledge their support for triple lock Figures suggest this would see a triple lock beyond £13k by 2030 From April, state pension will rise 8.5% to £11,502 per year By Harvey Dorset Updated: 17:08 GMT, 4 March 2024 The annual state pension could surpass £13,000 a year by 2030 if … Read more
Pension trap: Investors can rack up big losses early on and never make them up if they aren’t careful. Pound cost ravaging is a nasty trap which can do severe damage to pension investments, especially in the early years of retirement. It means that when markets fall you suffer the triple whammy of falling capital … Read more
Couples now need an extra £9,100 a year to maintain a good standard of living in retirement, new figures show. Soaring prices have added nearly a third to the amount of money retirees need to keep up their current lifestyle. The headline rate of inflation has dropped to 4 pc in the 12 months to … Read more
When it comes to end of life planning, most of us are woefully underprepared. Despite worrying about what will become of us when we are old and frail, most of us haven’t left instructions for if we can no longer look after ourselves. Around 3.4 million people over the age of 75 – around 59 … Read more
A once-in-a-blue moon opportunity has arisen to boost your wealth in retirement. Acting now could increase your retirement savings by a life-changing sum — close to £200,000 in the best case — and it is pain free. With such a boost, you could enjoy a wealthier older age or choose to finish work several years … Read more
By Steve Webb for This Is Money Updated: 06:00 GMT, 26 December 2023 I am 69 and claiming my state pension. My partner is 65 and not yet claiming his pension, which will be available from December 2024. In the event of anything happening to either of us, regarding claiming part of a deceased person’s … Read more
By Steve Webb for This Is Money Updated: 06:00 GMT, 11 December 2023 Steve Webb: Our pensions agony uncle answers your questions My husband died in 2008. He was 60, I was 47 and a full-time nurse. He didn’t get a pension and sadly died before pension age. I never received widows pension as I … Read more
