News
Recession-hit Pensioners Survive on 1/7th of Minimum Wage/ 22.5.2013• A. Velasco• Posted At 03:23 PM
According to new research by the pension provider Liberty SIPP, the current and future pensioners will retire on incomes that are far below the current minimum wage. On average, their savings will only get them an income equal to a seventh of the minimum wage.
Proposals to Save ‘Billions’ By Taxing ‘Pensioner Perks’/ 22.5.2013• A. Velasco• Posted At 12:10 PM
A new plan for consideration under the upcoming spending review is to tax the ‘pensioner perks’ of well-to-do pensioners, including winter fuel allowance and free bus passes.
1 Million Work into Retirement, Numbers Rise by 100,000/ 22.5.2013• A. Velasco• Posted At 01:16 AM
Thought by many to be due to the financial squeeze on the nation’s over-65s, almost one million pension-aged Britons are still working into their retirement. Over just the past two years, the figure has increased by almost 100,000.
Charity Insures Pension Risks To The Tune Of £63 Million/ 20.5.2013• A. Velasco• Posted At 03:15 PM
To handle their spiraling pensions costs, the National Society for the Prevention of Cruelty to Children is making a deal with the Pension Insurance Corporation to insure some of their pensions liabilities.
Value of Public Sector Pension Shrinking Under New Proposal/ 18.5.2013• A. Velasco• Posted At 10:52 AM
According to a recent report by the Pensions Policy Institute, currently proposed changes to public sector pensions will greatly reduce their value for pension holders.
Fostering Pays £20K-40K a Year, and Other Mythbusting Facts on Foster Care/ 16.5.2013• A. Velasco• Posted At 03:33 PM
Myths about fostering – from how long the wait period is to how little you receive – are keeping Britons from opening up their homes and hearts to vulnerable children when they need it most.
Pensions Minister: Only One Year Left To Save Final Salary Pensions/ 16.5.2013• A. Velasco• Posted At 01:10 PM
In a speech directed at the pensions industry, Pensions Minister Steve Webb said that there are only about 12 months left to save final salary schemes.
Public Largely In The Dark About Tax Relief On Pensions/ 14.5.2013• A. Velasco• Posted At 01:37 PM
Fresh research has discovered that less than half of all UK adults are aware that the government gives tax relief to pension contributions, regardless of which tax bracket the saver falls into.
Task Force Arrests ‘Pension Liberation’ Scammers/ 14.5.2013• A. Velasco• Posted At 01:34 PM
Police have now made the first arrests of fraudsters claiming they can unlock a savers pension pot earlier than is actually allowed.
Pensions Minister: Savers Need Better Value For Money, Seeks New Law/ 12.5.2013• A. Velasco• Posted At 06:31 PM
Many, from savers to government officials have voiced concerns over hidden fees on pension savings. These fees are often hard to find and understand, and can wipe out up to a third of the value of a pension pot over a saver’s lifetime.
