Pensions

Common tactics used by fraudsters to con victims out of their pensions have been revealed by the financial watchdog. The alert comes as more people are withdrawing pension savings as a result of the cost of living crisis. Here's what you need to watch out for.

If you stayed at home to care for family, as far back as 1978, your national insurance (NI) record may have been hit with errors that could see you missing out on £1,000s in state pension payments. Below we explain how to check and claim.  

Savers dipping into their pension pots have reclaimed £892 million in overpaid tax since 2015, new figures show. If you've taken a taxable lump sum from your pension for the first time, you could be owed too due to a tax code error – here's how to claim the money back.

Hundreds of thousands more retirees, mainly women, have been found to have been underpaid their state pension, with the collective shortfall running to £1.5 billion, according to new Government figures. Here's how to check if you've been affected.

If you’re aged 55 or over and have a UK-based workplace or private pension pot that you've paid into that you want to access for the first time or transfer elsewhere, you must now be offered guidance from the free impartial Government service, Pension Wise.

Friends or relatives can ignore requests by the Government to return overpaid state pension payments in the event of the recipient's death, as there is no legal obligation to pay the money back. 

New rules to help protect pension savers from scammers have today become law. Under the regulations, pension trustees and scheme managers will be given the power to stop suspicious transfers before cash gets into the hands of fraudsters.

A former pensions minister has urged people to use this Bank Holiday weekend as an opportunity to check if elderly relatives or neighbours are missing out on £1,000s a year in pension credit, with recent figures showing up to £1.8 billion remains unclaimed. Here's how to check if you or someone you know is eligible - and what to do if so. 

Martin Lewis has warned pension savers they could lose £1,000s, or even £10,000s, from their pension by falling foul of a trap that sees withdrawals taxed. Watch the full pensions special episode of The Martin Lewis Money Show on the ITV Hub.

State pensions are expected to rise by 2.5% next April under the 'triple lock' guarantee – meaning an increase of about £230/year for those receiving the new state pension in full.