900.000 British ex-pats could be frozen out of triple lock pension

900.000 British ex-pats could be frozen out of triple lock pension

For years more than half a million recipients of a UK state pension living abroad have been frozen out of receiving the triple lock benefits enjoyed by pensioners still resident in Britain. But after Britain leaves the EU at the end of March another 900,000 could find themselves out in the cold when the treaties …

Pension mis-selling payouts doubled says regulator

Pension mis-selling payouts doubled says regulator

Concern is growing about an unfolding mis-selling scandal in pensions advice as compensation for successful claims has doubled between 2016 and 2018. Pensions expert Josephine Cumbo said payouts have been made to savers who were wrongly advised to give up ‘gold-plated’ company schemes. Problems She added that 19 firms have quit the pension transfer advice …

HMRC forced to repay £38 million on pensions

HMRC forced to repay £38 million on pensions

Her Majesty’s Revenue & Customs (HMRC) has been forced to repay £38 million for excess tax levied on pension withdrawals in just three months. Data released by HMRC shows that there have been 18,353 successful applications for overpaid tax between July 1st and September 20th and the average refund was £2,000. Total reclaimed This is …