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A cross-party group of MPs has mobilised support from Canada and Australia in efforts to ‘unfreeze’ expats’ state pensions. A new report includes contributions from both countries, detailing their efforts to pressure the UK Government to pay all pensioners living abroad the same annual payout hikes as other retirees. Canada, which is home to 150,000 … Read more
1. Make the most of ‘carry forward’ if you can Most people can pay up to £40,000 into a pension, known as the ‘annual allowance’ (including basic rate tax relief, this is £32,000 of your contributions). When you’re self-employed, there may be some years when you can’t pay much into your retirement pot – when … Read more
ALEX BRUMMER: It may be hard to feel sorry for Philip Green but is it fair to single him out over pension deficits? By Alex Brummer for the Daily Mail Published: 21:50 GMT, 30 November 2020 | Updated: 22:07 GMT, 30 November 2020 The political clamour for Philip Green to pay up and make good … Read more
Millions of ‘Generation X’ workers born in the early 1960s to the late 1970s face years of financial hardship in later life, a new study has warned. At least one in three are set to retire with meagre pension pots, and during the pandemic 1.6million people in this age category have been furloughed. Around 1.3million … Read more
A former boss of Marks & Spencer said Sir Philip Green’s Arcadia Group is facing collapse because the business tycoon didn’t move ‘from an analogue world to a digital world fast enough’. Lord Stuart Rose said he ‘dreads to think’ what would have happened if Sir Philip had bought M&S in 2004 – when the … Read more
Seven former Premier League footballers have sued a financial adviser who they claim cost them more than £2million in mis-sold pensions. The claimants, who include former England internationals Rob Lee and Warren Barton and their Newcastle United team-mate John Beresford, say they lost vast amounts of their savings after investing in unregulated offshore schemes. They … Read more
My daughter is divorcing her husband. They have been married for 18 years and lived together before that for seven years. She works part-time for her local council and has a final salary pension with a cash equivalent transfer value of £120,000. She is 45 years-old. Her ex has a private pension worth £280,000. He … Read more
RUTH SUNDERLAND: Investing in the regions will see us through the current crisis – but the money is languishing unproductively in our pensions Chancellor Rishi Sunak plans to plough billions over five years into transport, digital, housing, energy and green projects Final salary pension funds sit on around £2trillion of assets By Ruth Sunderland for the … Read more
All Don Forsyth wants to do is unlock the money tied up in an old pension he had forgotten about. But because the pension comes with valuable guarantees and is worth more than £30,000, he needs to pay a financial adviser to sign it off. Yet the trouble is, the 61-year-old cannot find one willing … Read more
Companies should offer IVF to staff in the same way they offer pensions because it could be ‘far more relevant’ to many employees, Government’s technology tsar says Mother-of-five Eileen Burbidge believes firms should offer women IVF treatment She believes the treatment could be ‘more relevant’ than saving for a pension Ms Burbidge claimed egg-freezing and … Read more