“IFA fear sees steelworkers shut out of pension advice”

Dec 4, 2017 | Pensions

Tags: TATA

The regulators and press alike are worried that steel workers are being ripped off by advisers who are helping them to transfer their pensions out of the Tata scheme. Advisers are now worried that there’s going to be a huge ‘miselling’ backlash and have stopped helping. But here’s the thing. You’ve worked hard all your life in a job which is quite likely to take its toll on your life expectancy and you don’t trust the company and probably your union further than you could throw a blast furnace. You get the offer of £500,000 or more, almost a lottery win, in your own pot, rather than, say £300 a week of pension? How carefully are you really going to think about giving up a guaranteed income you don’t really believe is guaranteed? And would you be wrong to take the money and run?

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“National insurance cut raises questions over state pension funding”

“National insurance cut raises questions over state pension funding”

In an election year, all parties will try to be all things to all men. Mostly, it’s only stuff which matters ‘on the doorstep’ which matters. In isolation, Mrs Miggins (not my invention) will be delighted that her pension has gone up with the highest measure of inflation; and no one running a business will be complaining that National Insurance has been reduced.

“Back to work for people aged 65”

“Back to work for people aged 65”

So is it ‘back to work’ or never stopping? And why? Because we’re cash-strapped and can’t afford to retire? Or healthier and realising that working can actually keep you healthy? Well, it all depends, of course.