Savers ‘risk poverty because they are cashing in their pensions too quickly’

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

Coronavirus may be spreading so quickly due to fecal transmission, researchers suggest

Fecal transmission may explain why the new coronavirus has been spreading so rapidly, particularly in healthcare settings. Most people become infected after a sick person coughs or sneezes, spraying virus-carrying droplets into the air, which are inhaled by others. But Chinese researchers say they found live viral particles in stool specimens of those infected with … Read more

Government urges banks to ‘move quickly’ to help 14,000 mortgage prisoners to switch deals

Ministers fired a warning shot at banks this week as the top six lenders stand accused of failing to help mortgage prisoners switch to a better deal. In an open letter Treasury ministers urged banks to move quickly to help mortgage prisoners following some four months of inaction from lenders.    The UK’s financial watchdog introduced … Read more