Concern over ‘no advice’ pension withdrawals

Concern over ‘no advice’ pension withdrawals

Experts are becoming concerned at the number of people accessing their pensions without taking any advice. Analysis of the sector by the Association of British Insurers (ABI) has revealed that only a third of people who withdrew money from their pensions in 2018 took any kind of financial advice. Greater risks ABI director Yvonne Braun …

Mixed age couples could lose £10,000 a year in pension credits

Mixed age couples could lose £10,000 a year in pension credits

A government change to the way pension credits are paid out could mean more than 60,000 mixed age couples could lose up to £10,000 a year. Research by the Pensions Policy Institute (PPI) has revealed that the income for mixed age couples on low incomes could be slashed by up to 45%. Pension credits Pension …

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 …