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The Latest Breaking News from Pensions

Millions to retire later under state pension age increase plans – here’s who’s affected

Around five millions workers could lose out under the plans, according to a report by the Office for Budget Responsibility

The Independent UK

Woman tells of six-year wait to receive Premium Bonds after father’s death

Tracy McGuire-Brown said that to make the process ‘so difficult and so insensitive is just appalling’.

Evening Standard

Am I eligible for NS&I compensation after Premium Bonds scandal?

Up to £476 million in deposits was affected

The Independent UK

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NS&I faces paying hundreds of millions of pounds over bereaved families blunder

The Treasury-backed provider has found an issue where the estates of deceased customers were not always repaid money from all of their accounts.

Evening Standard

Labour revives Pensions Commission amid fears workers are saving too little

The Department for Work and Pensions said 45% of working-age adults were putting nothing into their pensions.

Evening Standard

New DWP tool will help savers recover lost pensions worth £9,000 on average

Millions of people could benefit from the new service

The Independent UK

'My integrity is worth more': Labour MPs blast Waspi move in leaked WhatsApps

LABOUR MPs have confronted Pensions Secretary Liz Kendall over angry WhatsApp messages after she opted to not give Waspi women any compensation.

The National (Scotland)

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Labour 'demand SNP breach devolution laws' in Waspi compensation attack

LABOUR ministers “clearly do not understand the devolution system”, the SNP have said after a UK Cabinet Secretary told them to step in and…

The National (Scotland)

SNP should pay Waspi compensation with devolved funds, Labour minister says

THE Scottish Government should step in to pay Waspi women compensation because the Labour Government will not, the UK Pensions Secretary has said ...

The National (Scotland)

Veteran, 99, ‘disappointed’ PM would not meet her to discuss pensions freeze

Anne Puckridge is among nearly half a million UK state pensioners whose pensions have been frozen at the level they were when they left the country.

Evening Standard

Pension schemes to be rated red, amber or green in plans to improve transparency

The plans aim to give greater transparency over how schemes are performing and cut the number of savers in poor-value pensions.

The Independent UK

Pensions Minister ‘will have her hands full’ as she gets stuck into dual role

Emma Reynolds has been given a dual appointment at the Department for Work and Pensions and the Treasury.

The Independent UK

‘Real risk of new generation of pension inequality if action not taken’

It is vital that government, employers and the pensions industry work together, experts said.

The Independent UK

Scot with MND calls on 'robbing' UK Government to pay pensions for terminally ill

A SCOT forced to end his career early because of a debilitating illness that will likely kill him has called on the UK Government to allow the…

The National (Scotland)

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Daily Record

New cost of living payments for next year could be announced in Autumn Statement this November

Former pensions minister Sir Stephen Timms told the DWP that more financial help is needed in 2024.

The Independent UK

Government as committed as ever to pensions dashboards, says minister

Pensions minister Laura Trott said the pensions dashboards programme will be given the flexibility it needs.

The Independent UK

Pension trustees ‘should guard against savers making knee-jerk decisions’

For older savers with larger pots, it might take several years or more for recent losses to be recovered, a boss at The Pensions Regulator said.

Chronicle Live

DWP error means thousands of people may be owed up to £6,900 each this year

The payments from the Department for Work and Pensions are expected to be completed by the end of next year

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The Independent UK

Leveraged LDI pensions strategies ‘worsened last autumn’s financial turmoil’

It is likely some pension scheme trustees were not aware of the potential implications of their LDI strategies, a House of Lords Committee said.

Glasgow Live

DWP error means that thousands could be owed up to £6,900 in back payments

The huge error by the Department for Work and Pensions (DWP) has meant that two groups of women have missed out on thousands of pounds in State Pension payments.

Liverpool Echo

Good Morning Britain's Susanna Reid mortified after Gino D'ACampo's explicit confession

The broadcaster went to check Ofcom guidance

The Independent UK

Bank of England should extend emergency action, says pensions industry body

Some pension funds want bond-buying scheme to continue beyond October

The Independent UK

‘Pension blunders still being made despite correction exercise’

Sir Steve Webb has written to Pensions Minister Guy Opperman, giving examples of recent state pension errors and calling for further action.

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