Are you a victim of bad pension advice? Compensation hopes for savers cheated out of generous final salary schemes By Ben Wilkinson for the Daily Mail Published: 22:02 BST, 9 June 2020 | Updated: 22:02 BST, 9 June 2020 Cheated savers who were persuaded to move their money out of generous final salary pension schemes … Read more
People who fear they were badly advised to abandon a valuable final salary pension are being told by City watchdogs to check if they have grounds for a formal complaint. A new ‘advice checker’ sets out the correct process to be followed during pension transfers, and explains how to complain and take your case to … Read more
My lockdown pay cut takes my salary down a tax bracket: Do I need to check I’m not being taxed too much or will PAYE automatically adjust? By Thisismoney.co.uk Published: 15:43 BST, 2 June 2020 | Updated: 15:43 BST, 2 June 2020 I was on £52,000 a year before coronavirus but we were asked to … Read more
Harry Potter author JK Rowling has offered to pay the annual salary of the person who tweeted on the Civil Service Twitter account accusing Boris Johnson of being an ‘arrogant, offensive truth-twister’. The tweet was posted the press conference during which the Prime Minister defended his chief adviser Dominic Cummings. A tweet from the account … 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
Retirement concern: My employer has passed my final salary pension to an insurer – how safe is it now? I have just read your column on final salary pensions. In common with many others, my employer passed on its scheme to an insurance company which now pays me an annuity. What happens to my pension … Read more
The cast of HBO’s hit media tycoon family drama Succession will be getting a handsome pay increase from season three onwards, it has been reported. As custom when a big show becomes a success, cast members can negotiate a higher salary. According to Deadline, the negotiations were made and finalised from February to March this … Read more
Workers with final salary pensions are likely be fearful about deepening deficits, not to mention the survival of their employers, thanks to the the coronavirus markets crisis. Many savers have ditched these traditionally safe and generous pensions in recent years, tempted by huge transfer value offers, greater potential investment growth and inheritance advantages. But those … Read more
Will my final salary pension be affected by the coronavirus crisis? Steve Webb replies By Steve Webb for This Is Money Published: 07:33 BST, 20 April 2020 | Updated: 07:33 BST, 20 April 2020 I have a final salary pension. Will it be affected by what is going on now with the coronavirus? SCROLL DOWN … Read more
I was a deferred pensioner in a final salary scheme. As I approached the age at which I could draw this pension, the company wrote to me asking me if I’d like to put the pension into payment as soon as I was eligible to do so, on my birthday. Knowing there was no further … Read more