MoneySavingExpert News

Pensions

Ignore requests from the state trying to claw back pension overpayments after someone has died - they have no legal right to do so

Friends or relatives can ignore requests by the Government to return overpaid state pension payments in the event of the recipient's death, as there is no legal obligation to pay the money back.

26 January 2022

New law to be introduced to help protect pension savers from scammers

New rules to help protect pension savers from scammers have today become law. Under the regulations, pension trustees and scheme managers will be given the power to stop suspicious transfers before cash gets into the hands of fraudsters.

8 November 2021

£1.8 billion in pension credit left unclaimed - how to check if you or someone you know is eligible

A former pensions minister has urged people to use this Bank Holiday weekend as an opportunity to check if elderly relatives or neighbours are missing out on £1,000s a year in pension credit, with recent figures showing up to £1.8 billion remains unclaimed. Here's how to check if you or someone you know is eligible - and what to do if so.

28 May 2021

Martin Lewis warns of a tax trap that could cost you £10,000s off your pension

Martin Lewis has warned pension savers they could lose £1,000s or even £10,000s from their pension by falling foul of a trap that sees withdrawals taxed

19 February 2021

State pensions set to be boosted by 2.5% under triple lock

State pensions are expected to rise by 2.5% next April under the 'triple lock' guarantee – meaning an increase of about £230/year for those receiving the new state pension in full

21 October 2020

State pensions to rise by 3.9%

State pensions are expected to rise by 3.9% from next April – the biggest increase since 2012

16 October 2019

New rules to give more pension freedom protection

The Financial Conduct Authority has announced new rules and plans to help make pension choices clearer for over 50s, which it says will help up to 100,000 every year

29 January 2019

New pension credit rules could cost some with younger partners £7,000 a year

Pensioners who live in a couple will only be able to make a new claim for pension credit when both partners are over the state pension age, under new rules to come into effect in May

15 January 2019

Pension cold-calling banned

Pension cold-calling has been made illegal from today, in a bid to tackle pension scams - here's what you need to know

9 January 2019

Pension cold-calling to be banned from January

Pension cold-calling will be banned from Wed 9 Jan, in a bid to tackle pension scams

20 December 2018