A QUARTER of a million widows and widowers are now receiving a boost to their state pension
because their spouse died before reaching OAP age.
This complexity has increased the need for careful planning around pensions
since the introduction of the pensions
freedoms, which moved the retirement planning goal posts.
Of the total number of pensioners, more than 99.38 percent or 2.4 million pensioners receive their 13th- month and regular pensions
through SSS-accredited partner banks, while the remaining 0.62 percent or more than 15,000 pensioners receive their cash benefits through checks.
expert Baroness Ros Altmann gives 10 reasons why women continue to lose out in pensions
, compared to men.
MUZAFFARABAD -- The Azad Jammu and Kashmir (AJK) government is contemplating increasing pensions
of former presidents by 150pc 'to make it commensurate with their status'.
The Financial Conduct Authority (FCA) and The Pensions
Regulator (TPR) have joined forces to urge the public to "be on their guard" when receiving unexpected offers about their pension
and to check who they are dealing with.
is the newest member of the GLICO GROUP.
But the other major sticking point is the sheer complexity of pensions
Working out your pension
More than 40% of people taking the survey said they understood little or nothing about how pensions
Last week I wrote an article about ballooning pension
liabilities of the government and estimated that if both the federal budget and pension
expenditure keep on growing at the current rate, by 2050 the pensions
would claim 56% of the federal budget, leaving hardly any money for defence, development and other heads.
That's why we need to have a chat about pensions
and retirement planning.