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BEN WILKINSON: Freedom can be costly when it comes to pensions so always think long-term By Ben Wilkinson for the Daily Mail Published: 22:18 GMT, 25 February 2020 | Updated: 22:18 GMT, 25 February 2020 The five-year anniversary of the pension freedoms comes with a blunt warning: savers are pulling their cash out at an … Read more
Pension scam victims yesterday gathered outside a Spanish court at the start of a major criminal prosecution of alleged fraudsters accused of fleecing Britons of millions. After the failure by UK authorities to take action, campaigners launched a private prosecution on the Costa Blanca where many of the rogue schemes operate. Victims of the now … Read more
Savers risk plunging themselves into crippling poverty in later life because they are cashing in their pensions too quickly, new report warns Insurers warn middle-aged savers risk poverty by cashing in pensions too early They suggest savers are withdrawing their money at an ‘unsustainable rate’ More than 350,000 savers cashed in their entire pension pot … Read more
JEFF PRESTRIDGE: New Chancellor Rishi Sunak needs to make his mark…by improving our pensions By Jeff Prestridge for The Mail on Sunday Published: 21:48 GMT, 15 February 2020 | Updated: 14:00 GMT, 16 February 2020 With the smell of a spring Budget in the air comes the rumour of yet more restrictions on the tax … Read more
Savers often lose track of old accounts, pensions and investments over the course of a lifetime, and unfortunately a lot of this money is never claimed. Although it’s hardly the ideal scenario, this ‘dormant’ cash can at least be put to good use if its real owner doesn’t come forward. That’s the thinking behind the … Read more
The tricky task of dividing pensions fairly in a divorce and stamping out ‘unintended discrimination’ against women is tackled by top lawyers in a newly published guide. Pensions are often a family’s second most valuable asset after a home, but the legal experts found a widespread lack of confidence among colleagues in the profession about how … Read more
Rolls-Royce hands a £4.6bn chunk of its pensions scheme to Legal & General By City & Finance Reporter for the Daily Mail Published: 21:51 GMT, 6 June 2019 | Updated: 21:51 GMT, 6 June 2019 Rolls-Royce has offloaded a £4.6billion chunk of its pension scheme covering 33,000 members to Legal & General, in the biggest … Read more
MPs plan a revolt against rules that hit the pensions of older British citizens living abroad The Government groups certain policies within a single legal bundle It means pensions are stuck at rates that applied when people left the UK Anne Puckridge moved to Canada in 2001 to be near her daughter and her pension … Read more
Regulator warns it has ‘serious concerns’ over train companies’ £7.5bn pensions black hole By City & Finance Reporter for the Daily Mail Published: 21:50 BST, 11 April 2019 | Updated: 21:50 BST, 11 April 2019 Train companies are facing a pensions black hole estimated to be worth £7.5billion. The Pensions Regulator has warned it has … Read more
Sir Philip Green has lost the backing of one of his biggest investors as he embarks on a major-cost cutting drive across his retail empire. US private equity firm Leonard Green has ditched its 25 per cent stake in Topshop, seven years after it splashed out £350million on the investment, which valued the fashion chain … Read more