Equitable Life compensation; are you entitled to it and how do you claim?
Some victims of the Equitable Life scandal have received much less compensation than the amount they lost
Over ten years after Equitable Life closed for business almost a million policyholders will be paid £1 billion in compensation between them. So far around £700 million in compensation has been paid. While some people will get compensated in full, others will only receive around 22% of the amount they lost. Older policyholders were the first to be paid, although it could be a long wait for younger investors in Equitable Life to find out what they will get.
Automatic enrolment (or auto enrolment) explained - what does it involve?
Workplace pension saving will be turned on its head, with most employees automatically signed up to their pension.
It's a year since workers began to be automatically enrolled into their employer’s pension schemes. The idea behind automatic enrolment is that millions of workers will be encouraged to save for their retirement. With most traditional pension schemes, you have to actively decide to sign up, but with automatic enrolment you will be signed up and will have to opt out if you don't want to stay in. What's involved?
If you’ve reached state pension age and are on a low income, you may be able to claim Pension Credit
I’ve had a couple of emails about Pension Credit recently, from women who’d like to know if they’re able to claim it. Pension Guarantee Credit is available to you if you’re on a low income and have reached state pension age, and Savings Credit is paid when you reach 65. Figures from Age UK show that one in three people who are entitled to Pension Credit don’t claim it.