b

Is this the new PPI scandal? Financial watchdog announces probe into booming equity release market

It is feared that equity release could soon echo the PPI mis-selling scandal which has rocked Britain in recent years. Experts last night said the industry was 'ripe for mis-selling'.




b

Is an equity release time-bomb sitting under YOUR home? 

There are growing concerns that many people signing up for equity release are not aware that the loans can come with hefty early redemption penalties.




b

I don't own a computer but CBA Malwarebytes took my cash for YEARS

Eric Lewis-Leaning discovered last month he was paying £19.95 a year to a company called 'CBA Malwarebytes' via his credit card, despite not owning a computer.




b

Thousands of savers lose up to £10billion in rogue pensions schemes sanctioned by the government

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.




b

Pension firms should send customers 'birthday card' forecasts, says Ros Altmann

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




b

Price of a funeral in 2020 is £4,417 - but a budget cremation is far less

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.




b

What you need to know about pensions in 2020: Brexit, social care and tax

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.




b

With up to £20billion of savings feared lost, here's how to track down your missing pot

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




b

The shameful pension blunders: Warning signs ignored by HMRC

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.




b

Tempted by equity release? Save thousands with a retirement mortgage

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.




b

Time to keep your pensions promise, Boris! PM pledged to help victims

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.




b

Will you live to your 90s? Number of nonagenarians soars by a third

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.




b

Are you missing out on pension tax relief by not claiming it on your annual return?

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




b

Prudential sparks anger by delaying pension payments

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.




b

Fear not! Your first tax return DOESN'T need to be a nightmare

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.




b

A new permanent pensions commission is needed to solve 'unfinished business' of reform

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.




b

Tempted to cash a pension before 55? You are at serious risk of fraud

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.




b

Can you start renovations on an inherited house before getting probate?

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.




b

Could YOU be a victim of the pension payback scandal? 

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




b

Charity warns BBC over plan to strip over 75s of the free TV licence

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.




b

Threat of frozen state pensions lifted for British expats in EU

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




b

Wives and husbands to get first £270k if you die without a will

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




b

Three-quarters of Britons risk being left without access to their cash

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.




b

Former prison officer hit with a £100k bill after pension mistake

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.




b

Tax bill threat for workers forced to retire early

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.




b

Should inheritance tax be replaced with a 10% gift tax?

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.




b

The pension payback victims who refused to pay back...and won 

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.




b

I live in Canada but can I get my state pension paid in sterling?

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?




b

Will pension tax relief be slashed to 20% for all?

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.




b

Pension tax relief cuts would be another bad intergenerational deal

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




b

I will inherit £25k while my younger brother gets £5m - can I fight this?

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.




b

My chef husband gets paid via tips in a tronc - can we claim child benefit?

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...




b

JEFF PRESTRIDGE: New Chancellor Rishi Sunak needs to make his mark...by improving our pensions

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?




b

Could an inheritance tax overhaul hit Bank of Mum and Dad?

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.




b

Should you start a final salary pension on your birthday or in April?

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.




b

How can an £18,000 investment-linked insurance policy be worth 60p?

The controversial investment-linked insurance policies were popular decades ago, but have since been all but abandoned by customers and firms after an explosion in complaints.




b

Should you put more cash into your pension in case of Budget changes?

Rookie Chancellor Rishi Sunak was given a month to prepare for the Budget on March 11. Will Government top-ups into retirement savings pots be lowered to the 20 per cent basic rate for everyone?




b

Could my ex-husband sabotage a pension before handing it over to me?

What is to stop my ex-husband converting everything to useless shares that are falling in value? Barrister Rhys Taylor explains how pensions are handled when couples divorce.




b

RUTH SUNDERLAND: We need a Budget for savers

If the new Chancellor Rishi Sunak wants to appeal to Tory voters in the shires and the new converts in the Red Wall seats of the North, he should use his first Budget to end the war of attrition on savers.




b

More choice for older borrowers looking for retirement interest-only mortgages

There are 18 providers offering 74 deals - up from just 36 this time last year. The average interest rate charged has fallen slightly from 3.5 per cent to 3.47 per cent , according to moneyfacts.co.uk.




b

BEN WILKINSON: Freedom can be costly when it comes to pensions

Five years after the introduction of pension freedoms, the Association of British Insurers is warning that many middle-aged savers may not be doing what's best with their pension pots.




b

Steve Webb's best pension columns: 12 Christmas crackers

A selection of Steve's top columns can help you avoid being scammed, understand the mysteries of the new state pension, and gain peace of mind by making the most of your pension savings.




b

Budget cremations for under £1k launched by Farewill

The £980 cremation service is aimed at people wanting a budget or unconventional send-off for loved ones. Ashes are returned to a family, who can then mark a death at an affordable price.




b

Richest retirees have an income 17 TIMES bigger than poorest

The pension incomes of Britain's richest retirees are now 17 times higher than those of the poorest as the gap between the two has nearly doubled over the past decade.




b

Public sector workers are now pensions 'aristocrats' 

According to the Office for National Statistics, 11 per cent of private sector workers who have a pension are in a generous final salary scheme. This compares to 92 per cent in the public sector.




b

Budget 2020: High earners get pension tax relief boost to help doctors

The Government's move means most doctors will no longer be hit by tax bills due to the hated 'taper' - but it shunned widespread calls to abolish the complicated pension tax rule altogether.




b

Child benefit claims plummet, meaning more parents lose state pension credits

The number of families claiming child benefit has plunged by 44,000 to 7.28m over a year, and has fallen by well over half a million since 2012.




b

Switch away from 'flawed' RPI inflation in 2025 would cost BT £1.7bn

Morten Nilsson said switching billions of index-linked government bonds it held from the Retail Prices Index to CPIH would cost it at least £1billion, due to a fall in the value of the bonds.




b

Should state pension triple lock be axed to help pay for the coronavirus crisis?

The guarantee should be abandoned to ensure the economic recovery from the coronavirus crisis is fair to working-age households, says the Social Market Foundation.




b

Should you worry about your final salary pension as deficits deepen?

Many savers have ditched these generous guaranteed pensions in recent years, often tempted by huge transfer value offers. We reveal six things you must consider if you're tempted.