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Fifty financial advisers team up to offer free half-hour sessions to over-50s with money troubles in cororavirus crisis You can book a ‘no strings attached’ call with a regulated financial adviser at emergencyfinancialadvice.org You can also read answers to common questions and email your own to the site Service was launched by William Burrows of … Read more
I have just read Steve Webb’s column about a lady believing she was divorced and she in fact wasn’t. I find myself in the same position. A decri nisi was issued but not a decri absolute. I only discovered this when applying for my state pension and they required a copy of the absolute. I … Read more
Millions of workers are being furloughed from their jobs in an attempt to limit permanent lay-offs, and the Government’s scheme protects pensions as well as wages. But that doesn’t mean furloughed staff will dodge a hit to their pensions, as they will typically only be getting 80 per cent of their usual salary, unless their … Read more
Advice on setting up a legal failsafe against falling ill while observing coronavirus lockdown and social distancing rules has been issued by the official oversight body. You can secure your finances in case you can no longer handle them by appointing someone you trust as attorney, usually a family member or friend, to take control … Read more
Workers with final salary pensions are likely be fearful about deepening deficits, not to mention the survival of their employers, thanks to the the coronavirus markets crisis. Many savers have ditched these traditionally safe and generous pensions in recent years, tempted by huge transfer value offers, greater potential investment growth and inheritance advantages. But those … Read more
Will my final salary pension be affected by the coronavirus crisis? Steve Webb replies By Steve Webb for This Is Money Published: 07:33 BST, 20 April 2020 | Updated: 07:33 BST, 20 April 2020 I have a final salary pension. Will it be affected by what is going on now with the coronavirus? SCROLL DOWN … Read more
Coronavirus lockdown rules for funerals are expected to prompt a rise in direct cremations, which take place without a service. No frills cremations cost around £1,600 on average, and ashes are returned to a family afterwards, allowing them to organise their own personal memorial for a loved one at a time of their choosing. The … Read more
Should state pension triple lock be axed to help pay coronavirus bill? It’s ‘not too much to ask’ elderly to sacrifice £4bn a year, think tank claims The triple lock guarantees the state pension rises by at least 2.5% a year A move to a double lock would base future increases on wage and price … Read more
A switch away from a flawed measure of inflation as early as 2025 would leave BT needing to fill a £1.7billion hole in its pension fund, a senior executive has said. Morten Nilsson, the chief executive of the BT pension fund, Britain’s largest private sector scheme with close to 300,000 members, said switching billions of … Read more
Many older people need to draw an income from their pension investments to cover everyday bills, notwithstanding the recent market falls. Tom Selby, a senior analyst at financial services firm AJ Bell, explains how first-timers and experienced investors can avoid unnecessary losses and big tax bills. Pension freedom: Beware making big income withdrawals from investments … Read more