moneypensions

Savers to be offered four simple ways to invest and draw pension pots

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Savers will soon be offered four ready-made investment deals when they first dip into their pension pots, if they are doing this without paying for financial advice first. They are designed to help those who want to keep their pension invested in retirement by delivering returns and avoiding common mistakes, such as taking too much … Read more

Direct cremations made up a quarter of all funerals during early pandemic

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The cost of a basic funeral has risen to £4,184 on average, but more families opted for budget cremations during the pandemic and their price has dropped to £1,554. A ‘direct cremation’ takes place without a funeral service, and ashes are returned to a family afterwards, allowing them to organise a personal memorial for a … Read more

Am I saving enough into my pension to live well in retirement?

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Older savers are clueless about their pensions and most will run out of money in retirement, damning research today reveals Older savers are clueless about their pensions and most will run out of money in retirement, damning research today reveals.  An exhaustive study from the pension industry found savers were too scared to check their … Read more

A generation sleepwalking into retirement poverty

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Older savers are clueless about their pensions and most will run out of money in retirement, damning research today reveals Older savers are clueless about their pensions and most will run out of money in retirement, damning research today reveals.  An exhaustive study from the pension industry found savers were too scared to check their … Read more

My late dad qualified for winter fuel payment – will it still be paid?

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My late father qualified for winter fuel payment, so will it still be paid? Steve Webb explains the rules for help with heating bills By Steve Webb for This Is Money Published: 07:42 GMT, 11 January 2021 | Updated: 07:42 GMT, 11 January 2021 My dad passed away in November. He was entitled to the … Read more

Six in ten pensioner homeowners are failing to claim entitled benefits

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Pensioner homeowners are missing out on thousands of pounds of income by failing to claim their full entitlement to state benefits. Some 42 per cent of eligible homeowners are failing to claim any benefit at all, losing out on £830 a year on average, according to a report by Just Group, a specialist in retirement products … Read more

Is it worth putting redundancy money into your pension?

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Workers made redundant with a pay-off of £30,000-plus can generate extra free cash by asking their employer to pay a chunk of the payout into their pension. The move might be particularly beneficial for over-55s, who can gain immediate access to their pension pots if they want. But doing this can drum up additional pension … Read more

Help! My stepfather’s will mysteriously ‘disappeared’ after his death

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Missing will: A valid copy was found but my stepbrother ignores all attempts to contact him about it My stepfather showed me his will a few years ago. It showed that I was joint beneficiary and executor with his son. The will was kept in my stepfather’s safe (he gave us both the code) in … Read more