moneypensions

Poor service: Pensioners claim complaints to DWP have gone ignored, and phonelines are ‘a joke’ (Stock image) More older people have come forward to accuse the Department of Work and Pensions of bungling and delays to state pension payments. Pensioners claim complaints have gone ignored, phone lines are ‘a joke’, and staff continue to make … Read more

Why you shouldn’t bank on your basic workplace pension to provide the retirement you want: Savers warned they need to pay in more By Tilly Armstrong For The Daily Mail Published: 23:28 BST, 22 March 2022 | Updated: 09:25 BST, 23 March 2022 Millions of workers are mistakenly relying on auto-enrolment pensions to provide the … Read more

Thousands of small business owners who have sold a commercial property into their self-administered pension scheme could be due a stamp duty refund, according to tax experts. The refund could see these niche pension savers paid back tens of thousands of pounds in tax, depending on the value of the property – but it only … Read more

Workers are debating skipping their regular pension payments to help pay for rising energy bills in 2022 – but this could mean they lose £77,000 by the time they reach retirement. With the energy price cap increasing by £693 from 1 April, the average customer is expected to be forking out an extra £57.75 per … Read more

Can your council snatch a lump sum won in DWP state pension scandal? An expert explains your rights and calls for government rethink on loophole By Spencer Gardner For This Is Money Published: 08:21 GMT, 24 February 2022 | Updated: 10:01 GMT, 24 February 2022 Spencer Gardner: The Government should review this loophole to save … Read more

Fury as low paid NHS workers are hit by stealth pay cut while bosses save thousands in pension contributions By Ben Wilkinson for the Daily Mail Published: 21:55 GMT, 22 February 2022 | Updated: 09:09 GMT, 23 February 2022 The lowest paid NHS staff will be hit by a stealth pay cut while top-earning doctors … Read more

We should play on Wordle fever to get young people interested in pensions, say savings bosses By Helena Kelly For The Daily Mail Published: 21:52 GMT, 22 February 2022 | Updated: 08:45 GMT, 23 February 2022 It is the addictive daily word game that has taken the world by storm. But could Wordle be the … Read more

Retirees in Britain face the worst disparity in their state pension payments when set against inflation since the triple lock was introduced over a decade ago, findings warn. In April, state pension payouts will rise by 3.1 per cent, and be based on Consumer Price Index figure from last September. But this week, new official figures … Read more

‘Green’ pensions that help tackle climate emergency are desired by more than half of workers, a poll shows Appetite is strongest among young, with two thirds wanting green investments Around £1tn of UK pension assets now in schemes with robust net zero targets  But £1.7tn remains in schemes yet to respond to high profile campaign … Read more

A huge experiment designed to protect investors’ nest eggs from being ravaged by inflation has fallen flat on its face, evidence from wealth platforms suggests.  Few investors have decided to go anywhere near it, while some who have could be nursing losses of thousands of pounds, our figures reveal. Investment platform AJ Bell describes the … Read more