Fears savers will end up paying double tax if forced to dip into pensions early in the coronavirus crisis By Ben Wilkinson for the Daily Mail Published: 22:01 BST, 19 May 2020 | Updated: 22:01 BST, 19 May 2020 Former pensions minister Steve Webb warns that overtaxing on pension withdrawals will be worse in lockdown … Read more
How many state pensions have been underpaid? Steve Webb joins the This is Money podcast to discuss our investigation By This Is Money Published: 17:59 BST, 15 May 2020 | Updated: 17:59 BST, 15 May 2020 Underpaid state pensions, the reopening of the property market and whether house prices will fall and the furlough scheme extension, … Read more
Annuity rates hit record lows as coronavirus crisis has devastating impact on pension pots By Hugo Duncan and Ben Wilkinson for the Daily Mail Published: 21:51 BST, 29 April 2020 | Updated: 07:39 BST, 30 April 2020 Shares around the world rallied as investors looked beyond grim economic figures from the United States and cheered … Read more
Beware the early pension tax trap: Savers told not to make unnecessary early withdrawals By Ben Wilkinson for the Daily Mail Published: 22:00 BST, 12 May 2020 | Updated: 00:15 BST, 13 May 2020 Savers are being warned not to make unnecessary early withdrawals from their pensions or risk triggering a costly tax trap. With … Read more
Shell in first dividend cut since WW2: Blow to pensions as vital source of income is slashed by two-thirds after slump in oil prices By Francesca Washtell For The Daily Mail Published: 21:50 BST, 30 April 2020 | Updated: 22:02 BST, 30 April 2020 Shell has cut its dividend for the first time since the … Read more
Any saver expressing interest in ditching a final salary pension is to be warned off in a letter telling them it’s unlikely to be in their best interests. Regulators have ordered pension schemes to start sending anyone requesting a cash valuation a letter urging them not to act in haste during the coronavirus outbreak, and … 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 BST, 6 June 2019 | Updated: 21:51 BST, 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
Older workers face delayed retirement: Pensions chief issues stark warning after stock market rout By Lucy White For The Daily Mail Published: 00:19 GMT, 18 March 2020 | Updated: 01:06 GMT, 18 March 2020 Hardworking Britons who had too much of their pension invested in shares may have to postpone their retirement, the boss of … Read more
Public sector workers now eight times more likely to enjoy gold-plated pensions than those in the private sector By James Salmon for the Daily Mail Published: 21:51 GMT, 9 March 2020 | Updated: 21:51 GMT, 9 March 2020 Public sector workers are more than eight times more likely to enjoy gold-plated retirement benefits than those … Read more