UK retirees suffer £210m state pension shortfall
DWP identified nearly 32,000 instances where it underpaid pensioners since January 2021
DWP identified nearly 32,000 instances where it underpaid pensioners since January 2021
‘Attacking’ it would be a ‘seriously high-risk and deeply unpopular move’
It has had to pay back £925m since pension freedoms were introduced
Figure has nearly doubled since 2018
Uprating state pension by earnings growth could save UK government between £4bn-£5bn
A quarter of consumers would withdraw their retirement savings to cope with cost-of-living crisis
There will be ‘no honeymoon period’ for the newly appointed PM
It expects industry to think of ‘innovative ways to protect savers now and in the future’
Regulator gives firms 12 months to implement rules aimed at improving client outcomes
Trade body to recruit interim CEO, while Asian life insurance giant names chairman
They have become the ‘most popular product among retail retirement savers’
Financial services giant makes c-suite change, as wealth tech solution provider names CEO