I am 84 years of age, healthy and fit for my age. I have given my son a will drawn up by a solicitor. He inherits all my assets. He wants to have a power of attorney document drawn up. Please advise.

Workers have lost their savings after transferring their nest eggs to rogue schemes because they were enrolled with the UK's HMRC and Pensions Regulator - making it appear above board.

Financial services firm Responsible Life submitted a Freedom of Information request and learned the DWP does not keep track of how many people fail to claim the state pension.

Getting your head around how your pension works, whether you're saving enough and finding out about how your money is invested can be a daunting prospect for young workers.

Standard wording should be adopted and made compulsory to prevent firms using 'obfuscatory' jargon that baffles savers, argues Lady Altmann

Funeral costs have increased by 3.4% over the past year, but the price of a direct cremation - meaning without a funeral service - fell by 5% to £1,626.

The newly re-elected Government now has a majority that gives it the opportunity to solve major issues affecting retirement finances. Here's what you need to know.

The average person has 11 jobs in their lifetime, so it is no wonder two in three Britons have more than one pension pot. The industry has long discussed launching an online pensions dashboard

HMRC refused to warn people it had launched investigations into fraudulent pension schemes registered with it, enabling the scammers to continue to fleece hundreds more victims.

Analysis by financial data experts Defaqto shows a couple who borrow £50,000 could save up to £38,000 over 20 years by opting for a retirement interest-only mortgage instead.

After meeting workers fleeced of their futures in the scandal, the now Prime Minister, pictured with victims with David Burgess, left, Sue Flood and Micky Nettle, pledged to take up their case.

This year, the total number of people aged 90 and above is expected to hit 616,000, up 36% since 2010 and vastly outstripping the 7% rise in the overall UK population.

Thousands of taxpayers are not including correct information about their pensions on their annual returns, according to mutual insurer Royal London.

Pat Savage, 73, has been waiting since October for a compensation payment of around £3,500. The retired construction health and safety manager bought a standard annuity with the Prudential when he retired.

If I accept my husband's offer I would have less than half of the income that he is receiving, along with a five-year wait for my state pension. Lawyer Fiona Wood, pictured left, replies.

For many of the 660,000 people who reach state retirement age each year, this may be the first time they are responsible for working out their own tax bill. Here, we explain what you need to know.

The Treasury is reportedly considering raising a key threshold where the controversial 'taper' kicks in from £110k to £150k, but pension experts think this will be ineffective or 'a sticking plaster'.

Some of the taxes we currently pay and a number of the tax breaks we are given to encourage us to save for old age are either too onerous or far too complicated.

Pensions Minister Guy Opperman and shadow pensions minister Jack Dromey have called for for a new independent 'arms-length' government body in a think-tank report.

Thousands of families are being forced to complete complicated paperwork to report the value of a loved one's estate to the taxman when they die - even when there is no inheritance tax to pay.

Reputable firms don't encourage savers to take money out of pensions before they are 55, in the form of a loan or any other kind of cash payout, due to the stiff tax penalty.

As the executor I'm a bit concerned that we may be breaking the law if he starts the work before probate is granted. What should we do? Lawyer James Beresford, pictured, replies.

The provider bucked the trend of falling rates, increasing the interest on its one-year fixed saver from 1.15 per cent. The account is operated by Goldman Sachs International Bank.

Sweeping reviews of pension calculations have uncovered tens of thousands of errors that have seen pensioners overpaid, and underpaid, for decades.

We reported last week how Peter Burgess (pictured) had been unable to access his pension pot, while Pat Savage had been waiting for a compensation payment for nearly three months.

Lorraine Johnson-Rosner, 70, makes £10,000 to £15,000 a year selling similar rooms and gardens for dolls, plus vintage dolls and clothes for them.

Age UK has warned that hundreds of thousands of over 75s could struggle to pay for their TV licences if the BBC scales back on the benefit this summer in an effort to slash costs.

Of those who start drawing an income, just two out of five do so immediately. Among those who wait, 40% put it off for at least half a year, and 24% delay for more than a year, says Hargreaves Lansdown.

People aged 39-54 who suffered compulsory redundancy have average pensions savings of £120,634 - while those who avoided being laid off have £202,017.

The withdrawal agreement under which the UK exits the EU on January 31 provides certainty on future state pension rises for current EU expats.

The cost of funerals is soaring - rising more than £200 over the past year to an average of more than £4,400 this month. But a decent send-off can still be arranged for less than half of this price.

Spouses whose partners die intestate are to receive at least the first £270,000 of their estate from 6 February onward.

Which? found 77 per cent of 1,500 people surveyed in the UK held either one account or several with the same provider, leaving them stuck during online and mobile banking hitches.

Former prison officer Paul Davidson, 62, pictured, was forced to retire early in 2012 after he suffered a breakdown. He spent a month in a clinic and his wife had to give up work to care for him.

Insurer Royal London says the hundreds of people who take early retirement every year due to work-related sickness could find themselves in breach of their annual pension saving allowance.

nheritance tax at 40 per cent should be ditched and replaced with a 10 per cent tax on annual gifts of £30,000-plus and a new death allowance, says a report by MPs.

Some pensioners, such as Royal Navy veteran Arthur Mullett (pictured) and former Royal Mail delivery driver Chris Slaytor, have refused to accept the huge shock bills, they received after mistakes were made.

Ellen Wade's son and daughter-in-law got embroiled in a bizarre misunderstanding over her address - despite being easily able to prove she had lived there since the mid-1970s.

Some 54% said they were unaware of the current size of their pots, and a further 8% couldn't answer, while 38% said they did know.

I have been a permanent resident in Canada and had dual citizenship since 1977. I have opened a sterling bank account with HSBC in Canada - can my British state pension be paid into it?

Savers who want to ease into or delay retirement should be allowed to take part of their state pension and put off drawing the rest, says Aviva.

Former Army Major Adrian Furnival, pictured with wife Sheila, will soon have £70 stripped from his £260 weekly pension - yet was only told about the cut in February 2018

A raid on popular pension tax breaks to drum up cash for other Government projects is reportedly on the cards at the upcoming March Budget.

Moves such as cutting higher rate tax relief are often depicted as hitting the wealthy older generation, but that's disingenuous.

I feel aggrieved my inheritance is going to be £25k while my brother will likely get £975k from my father in addition to the £4m in properties he's already received.

There's enough money to keep up with my mum's care home payments until Christmas. I'm keeping the heating switched off and have cut down on groceries to try to save some extra money.

Would tips be taken into consideration for child benefit? If they aren't then his income falls below the threshold at which child benefit is removed. The child benefit rules and common traps explained...

With the smell of a spring Budget in the air comes the rumour of yet more restrictions on the tax relief available to boost our pension saving. But how will Mr Sunak treat pension savers?

Proposed changes to inheritance tax could make it more costly to help children onto the housing ladder, with a proposed 10% tax levied on sums above £30,000 given away each year.

This case highlights how complicated the rules on final salary pensions can be to navigate. Find out what you should ask your scheme before triggering payments here.