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.
In this regard, it is proposed to index social
pensions by 2% from April 1, 2019.
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.
Pensions 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.
GLICO
PENSIONS 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 worked.
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.
