In this week’s finance news roundup, you can find out how Brits are to receive guidance to help them make the most of their retirement. Also, learn how more middle-aged people are turning to buy now pay later facilities and why more people are set to start withdrawing cash at shops.
This week saw the reduced state pension increase cause outrage among many Brits, but Rishi Sunak is unlikely to review the decision to suspend the triple lock system.
This week, Chancellor Rishi Sunak was told to rethink the state pension triple lock suspension. We also found out what is happening with interest rates, how thousands of older people are still being affected by state pension delays, and how toy retailers are hoping grandparents will splash their cash on the grandkids this Christmas.
This week, the Department of Work and Pensions revealed new measures as it aims to simplify pensions. Elsewhere, we learned about the impact that falling victim to a scam has on victims’ wellbeing, that the rise in living costs is slowing down, and that pensioners believe they’re paying for the pandemic.
This week’s financial news roundup covers the increase in contactless card transaction limits, which comes into play this week. In addition, read about how the government is considering scrapping free prescriptions for some over 60s and why one pensions expert believes that a drop in the state pension age is not out of the question.
This week saw calls for the Department of Work & Pensions to face questions over the unpaid state pension pensions fiasco. Also, thousands of energy customers are facing bill shocks, Rishi Sunak has set up a new fund to help struggling households, and vast numbers of older workers could be facing redundancy.
While it’s widely known that the UK state pension age is set to gradually increase over the next decade, fewer people are aware of plans to change when Brits can start drawing down from private pensions, too.
In our weekly finance news roundup, you can find out how millions of people could be missing out on huge pay-outs due to unclaimed Premium Bonds. You can also learn about the lifetime allowance taxes that could affect vast numbers of people. Find out why Amazon will no longer accept Visa credit cards from next year. And discover the government's plans to help scam victims to recover their losses.