Money News

Retiring workers lose up to £1bn as they are cheated by 'murky' industry


Britain’s leading pensions authority says those who cash in their hard-earned pension pot are being systematically cheated by a ‘murky’ industry.

Pick the wrong pension and watch charges strip £40,000 off your nest egg


Alarming disparities between the fees charged by different pension providers for keeping money almost identical funds - and millions of pension investors are losing tens of thousands of pounds each.

Lost pensions: Are you owed missing cash? We reveal how to find it


Huge amounts of cash is festering away in lost or missing pension pots and finding it could ease Britain's pensions crisis. Here, we show you how get hold of what's rightfully yours.

ASK TONY: What is my tax situation on overpaid pension?


My pension fund has paid me £11,600 too much over four years. I have paid tax on this money. Can you tell me what the position is on the overpaid tax?

Warning over plunging bonuses on with-profits after Standard Life issues 1.5% cut


Standard Life yesterday revealed the value of the payout on a 25-year endowment fell by 1.5 per cent.

Anger grows over rip-off fund charges as 80% of investors call for greater clarity


The secrecy and confusion surrounding fund charges appears to have hit home with the vast majority of investors now calling for greater clarity.

Squeeze on public pensions is a myth: Reforms will save taxpayer nothing, warn economists


The Institute For Fiscal Studies claims that gold-plated pensions will remain 'dramatically more generous' than those in the private sector.

Is the Scottish Widows Foundation Growth tracker fund really the cheapest on the market?


Scottish Widows has a new range of super low-cost tracker funds, including one that theoretically charges just £1.10 per £1,000 invested. But is it really as cheap as it seems?

Don't wait for the new code of conduct for annuity sales, get a richer retirement


Financial Mail has been campaigning for better annuity advice for more than a decade, strongly urging our readers to make use of the open market option. A massive shake-up for annuities won't happen for a year, but here's how to find the top deals.

What next for mortgage rates?


Mortgage rates have inched up slightly since hitting record lows in late summer, but should you take a fixed or tracker deal? Read our latest analysis

4.5m workers at small and medium firms to lose out as 'auto-enrolment' pensions are pushed back


Under a new timetable smaller firms will not have to contribute to staff pensions for around a year after the old September 2016 deadline.

How the European Union is threatening United Kingdom pensions


New rules from European judges and a debt crisis on the continent are causing cuts to pensions in the UK.