Monthly Archives: October 2015

Baroness Altmann: Let Pensioners Exit Without Rip-Off Charges

Oct 26, 2015 |

Pensions Minister Baroness Altmann said pension providers should remove the penalty clause in the contracts of retirees 30 years ago. She said pension providers must exhibit their trustworthiness else future generations may lose confidence in the industry. After the introduction of pension freedoms in April, about 50 per cent of pensioners saw their pots cut […more]

Pensions To Be The Next PPI Scandal

Oct 19, 2015 |

According to British MPs in the House of Commons Work and Pensions committee, pensions could be the next PPI mis-selling scandal after a lack of clarity in taxes and reduction regarding the April-introduced new pension freedoms had left many UK pensioners losing more than half their savings in one go. The committee said in an […more]

Should You Top Up On State Pensions?

Oct 14, 2015 |

The government is rolling out the all-new state pension top-up program allowing retiring men and women to get up to £25 weekly for their state pensions. All it takes is a single payment. However, analysts said it isn’t suitable for everyone and it might cause a bit of trouble especially for older retirees who are […more]

Royal London Has An Offer Pensioners Can’t Refuse!

Oct 8, 2015 |

Pension Mutual Royal London said its provision of profits to pension savers is an “expression of their mutuality”. The pensions provider said 600,000 of its unit-linked pension customers will receive part of their profits annually. The virtuous act depends on the pension provider board’s decision, which is based on their current performance in the market. […more]

UK’s Young Adults Not Saving Enough For Pensions

Oct 2, 2015 |

Pensions Company Royal London published a concerning research that points out majority of the UK’s youth do not have enough for pensions today. Young pensioners are promised huge final-salary schemes that guarantee an income similar to annuities. However, a strong dependency on the stock market for pensions may lock out plenty of young pensioners working […more]