Latest articles from Jane Matthews

BSPS redress scheme comes into effect

News on the go

On the go: The Financial Conduct Authority’s redress scheme for members of the British Steel Pension Scheme launched on February 28.

Regulators fear savers will make ‘wrong decision’ with pensions info

News on the go

On the go: The Financial Conduct Authority and the Pensions Regulator are worried that giving savers information about how their pension schemes are performing may lead to them making “the wrong decision”.

Govt refuses to commit to increase auto-enrolment contributions

Toby Melville/Reuters

The government has refused to commit to increasing minimum auto-enrolment contributions, despite acknowledging that the current statutory contribution of 8 per cent is “unlikely to give all individuals the retirement to which they aspire”.

Government retains state pension triple lock

News on the go

On the go: Chancellor Jeremy Hunt has confirmed that the pensions triple lock is to be protected.

PLSA pension reforms ‘could add £4,000 to retirement income’

Toby Melville/Reuters

The Pensions and Lifetime Savings Association has warned that without reform of the pensions system, more than half of savers will fail to meet the retirement income targets set by the Pensions Commission in 2005.

TPR to prosecute former trustees and adviser over pension loans

News on the go

On the go: The Pensions Regulator is to prosecute two trustees and an adviser for their alleged role in making loans from a pension scheme. 

Providers causing difficulties for savers accessing pensions

News on the go

On the go: A survey of 2,153 Which? members who accessed one or more of their pension pots in the past 24 months found that inflexible pension providers are creating difficulties for savers.

Consumer pension fears at 10-year high

News on the go

On the go: As people grapple with the cost of living crisis, Google searches for “pension help” have reached a 10-year high.

One-third of savers worry about lost pension funds

News on the go

On the go: One in three pension savers are worried they have built up funds they have lost or forgotten about after changing jobs.

State pension age increase doubles poverty rates for over-65s

News on the go

On the go: The rise in the state pension age from 65 to 66 has doubled poverty rates for the age group, resulting in over-65s losing state pension income worth around £142 a week in 2020-21.