Displaying items by tag: Quilter
Pension contribution warning from Quilter
Only an average of 123,000 people per year have made Class 3 National Insurance Contributions (NICs) which allow them to fill historic gaps in their NI records and receive a higher state pension over the last five years.
Rising care costs push retirement pot need to £470,000
Retirees wanting a comfortable retirement and enough money to pay for later life care need to build up around £470,000 in retirement wealth due to the cost of living crisis, according to a new report.
Transfer warnings often triggered for ‘unknown’ reason
Almost half (44%) of amber pension scam warning flag guidance sessions are being conducted without knowledge of why the flag was raised, according to the Money and Pensions Service (MAPS).
MPs call for auto-enrolment for the self-employed
A group of MPs have called for an auto-enrolment mechanism to be introduced for self-employed to get more saving into pensions.
NHS pensioners hit record high in April
April saw a record number of pension benefits being awarded to NHS members, indicating a significant jump in those retiring.
Low risk pension transfers being caught under new rules
Amber flags are being raised on potentially low-risk pension transfers due to a ‘weakness’ relating to overseas investments in the new rules, according to a new report.
Online Safety Bill to include paid-for ads
Social media companies and search engines will be responsible for preventing paid-for scam adverts on their platforms under a new amendment to the draft Online Safety Bill.
Calls for early state pension access for those hit by pandemic
The Pensions Policy Institute (PPI) and Age UK have called on the government to provide early access to the state pension for those within three years of their state pension age who are unlikely to be able to work again due to caring responsibilities, a disability, or long-term joblessness caused by the Coronavirus pandemic.
Autumn sees big jump in pension withdrawals
The number of pension withdrawals in August and September increase dramatically, according to new data.
Pension fraud going unpunished as scams rise
Last year only two pension fraud cases a month were passed to the police to investigate despite nearly 400 reports to Action Fraud.