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The beginners' guide to pensions

How to plan ahead

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BA plan to switch pension scheme risks strike action

by William Robins on Sep 08, 2017 at 08:26

British Airways' plan to stop taking new money into its defined benefit scheme and switch members to less generous plan provokes angry union response.

Treasury hits pension transfer jackpot

by Jack Gilbert on Aug 04, 2017 at 09:30

Treasury officials have spoken to City regulator about the estimated £50 billion switched out of final salary pensions that could stimulate the UK economy.

IFS: pensioner poverty rises as Treasury saves £5bn

by Jack Gilbert, Gavin Lumsden on Aug 03, 2017 at 07:15

Government under pressure to help people hurt by state pension age rises as Institute for Fiscal Studies says reforms save £5.1bn a year.

HMRC under fire for £26m pension freedom tax rebates

by Jack Gilbert on Jul 28, 2017 at 09:00

HM Revenue & Customs faces criticism after disclosing it has repaid over £26 million in tax in the past three months to people who accessed their pension pot cash.

Pension Wise leaving savers open to big tax bills

by Jack Gilbert on Jul 26, 2017 at 09:16

Former pensions minister Ros Altmann says guidance service alone not enough for savers to understand tax impact of withdrawals.

Government urged to bring back pensions cold calling ban

by Charles Walmsley on Jul 19, 2017 at 09:58

Insurer Zurich says government should introduce a cold calling ban to the financial guidance bill due to be heard at committee today.

Supreme Court rules gay couples have equal pension rights

by Jack Gilbert on Jul 13, 2017 at 09:24

The Supreme Court has ruled that gay couples have the same rights to pension death benefits as heterosexual couples in a landmark case.

FCA concerned about annuity market competition

by Charles Walmsley on Jul 12, 2017 at 08:58

Financial Conduct Authority raises concerns about lack of competition in retirement annuities following exits of several providers.

Employers lured by fake auto-enrolment certificate

by William Robins on Jul 03, 2017 at 07:50

Pension scammers attempt to dupe businesses with scheme that promises to exempt them from their pension obligations under the auto-enrolment scheme.

Pensions minister says ‘triple lock’ not sustainable

by Jack Gilbert on Jun 23, 2017 at 09:27

New work and pensions secretary David Gauke paves way for Conservatives to scrap expensive policy at some point.

Pension pot transfers larger than average house

by Elliot Smith on Jun 20, 2017 at 08:25

Middle-aged people taking advantage of pension freedom rules typically transfer pension pots worth more than average UK home.

Labour considers flexible state pension age

by Charles Walmsley on May 11, 2017 at 10:16

A leaked draft of Labour's election manifesto commits the party to a flexible state pension age and a raft of other spending pledges.

Tories promise 'Philip Green charter' for pensions

by Charles Walmsley on May 02, 2017 at 10:01

Conservatives pledge to increase punishments for company bosses who fail to manage their defined benefit pension schemes.

Pension freedom payments hit £1.6bn again

by Jack Gilbert on Apr 26, 2017 at 11:16

Goverment data shows 176,000 savers took money from retirement savings under pension freedom reforms in the first three months of the year.

Theresa May wants to keep pension 'triple lock'

by Charles Walmsley on Apr 26, 2017 at 10:06

Conservatives debate whether to follow Labour and commit to maintaining expensive 'triple lock' promise protecting state pension. 

SNP attacks ‘shameful’ Tory treatment of pensioners

by Jack Gilbert on Apr 25, 2017 at 08:05

Scottish National Party MP Ian Blackford claims £292 million going unclaimed in pension credit and housing benefit each year.

Royal Mail to close defined benefit pension scheme

by Charles Walmsley on Apr 13, 2017 at 11:29

Shares rise on move but analysts warn closure without agreement on replacement scheme could trigger strike action.

Labour unveils four-point pensioners' pledge card

by Charles Walmsley on Apr 12, 2017 at 12:15

Citywire examines party's pledge to maintain state pension 'triple lock', offer some compensation to women hit by state pension age rises, protect UK pensioners living abroad and keep free bus passes.

Hargreaves warns of '1980s'-style pension scandal

by Jack Gilbert on Apr 11, 2017 at 09:46

Wealth manager Hargreaves Lansdown alarmed history could repeat itself as more people switch from valuable final salary pensions.

State pension age should hit 68 seven years early

by Jack Gilbert on Mar 23, 2017 at 07:07

John Cridland report recommends increases in state pension age should be accelerated and rise from 67 to 68 between 2037 and 2039.

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