Pension news

Pension scams, where people are tricked by scammers into handing over their pension savings, are on the rise. Everyone involved in pensions, including The Pensions Regulator and the Financial Conduct Authority (FCA), is working hard to tackle the issue.

The cost-of-living crisis is making life difficult for many people across the country, but there are lots of websites you can go to if you’re struggling financially and need some help.

Last year the Government passed the Finance Act 2022, which contains legislation to increase the normal minimum pension age (NMPA) to 57 on 6 April 2028.

When you change jobs or move house, it can be easy to lose touch with your pension provider. Across the UK as a whole, there’s an estimated £27 billion in such “lost” pensions – and some of it might be yours.

One of the challenges facing many people when it comes to planning their financial future is the fact that they’ve got savings in several pension schemes, and it isn’t always easy to figure out how they might fit together.

In 2022 the Government introduced new requirements for pension providers to refer members to Pension Wise guidance as part of the process when taking or transferring pension benefits.