Pensions: New service launched to help track down lost pensions

The words LOST & FOUND written in vintage letterpress type The Government has launched a new website to help people track down old workplace and personal pensions, which they may have forgotten about, or lost touch with. It is believed that over £400 million in pensions remains unclaimed and with retirement incomes being squeezed, every pound found will provide valuable income for pensioners. The site has been launched in response to the needs of employees who change jobs more regularly than ever before and a 400% increase in pension tracing requests during the ...

Guest blog: Time to take the politics out of pensions

Guest BlogIn her first guest blog Rachel Vahey, Independent Pensions Consultant looks at how pensions have become a political football and injury time is fast approaching One of the major changes introduced by the current Government is a fixed term parliament lasting five years. As we near the end of the first fixed term, and a general election looms next year, politicians are sensing that time is running out. And many, I suspect, will want to make their mark before time is called on this Government. Steve Webb, the Pensions Minister, could ...

Retirement: Scheme Pension, an alternative to an Annuity or Income Drawdown?

Guest Blog Talbot & MuirMost would-be retirees are aware of how an Annuity works and other options such as Enhanced Annuities, Income Drawdown are becoming more popular. However, as falling gilt yields push Annuity rates ever lower and reducing the maximum available income from Income Drawdown plans, one retirement option is passing most people by completely unnoticed. We asked Oliver Bowler, of Talbot & Muir, to explain more about Scheme Pension, what it is, and how it works, this is what he had ...

State Pension: Thousands get just £7 per week

New figures from the Department for Work & Pensions (DWP) have highlighted the huge gap between the highest and lowest State Pensions. The figures show that approximately 130,000 people get less than £7 per week, with around the same number of people getting more that £230 per week, a gap of more than £220 and equivalent to more than £10,000 per year. Experts believe it is generally men who get the higher State Pensions with women typically getting less. Need financial advice ...