Jigsaw purse falling apart spilling money

Over £3 billion worth of pension funds misplaced by savers

The Pension Tracing Service, the government body responsible for helping people track down their misplaced workplace pensions, has released shocking figures revealing the jaw-dropping scale of their work. According to the statistics at least £3 billion from over a million savers has been misplaced, and The Pension Tracing Service was called on by some 150,000…

Symbolic for retiree with minimum pension

Annuity Schemes, is More Transparency Required?

The Financial Services Consumer Panel (FSCP) has urged for changes in how pension annuity schemes are sold, describing the industry as dysfunctional and criticising it for being full of hidden commissions. The FSCP stated that pensioners choosing to invest in annuity schemes with insurers that they already posses a pension plan with could be missing…

The state of UK frozen pensions

The case of UK frozen pensions may be heating up as two Tory backbench MPs plan to bring an amendment to the Pensions Bill. Currently, UK expat pensioners residing outside of the UK or within the Commonwealth have had their pensions frozen since their payment, with UK inflation rates not applying to their only source…