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 …

Shock pension scam robs two pensioners of £1 million each

Shock pension scam robs two pensioners of £1 million each

Two British pensioners have been robbed of more than £1 million each through a series of elaborate pension scams say Action Fraud. The identities of the two individuals is being protected by police, but it is known they lost their life savings over two years to June 2018. Devastating Pauline Smith, director of Action Fraud, …

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 …