This week we’ve picked out some financial news about pension transfer values hitting a record high and British retirees living in the EU.
This is Money: British expats living in the EU face uncertainty as the UK commits to raising state pension payouts under a no-deal Brexit – but only until 2023
Britons who have retired to EU countries such as Spain and France have been handed a temporary state pension boost by the Government, but not the long-term reassurance they crave.
To read the full article, click here.
CIO: UK Pensions Making ‘Fat Living’ Off of Hidden Fees
UK Parliament’s Work and Pensions Committee said it is “not convinced” that the pensions industry is willing to voluntarily provide clear, transparent information to pension plans about the costs and charges of investments.
Read the full article here.
Financial Times: Pension transfer values hit a record high
Cash lump sums offered to individuals looking to give up generous final salary style pensions have jumped to record highs in August on the back of fears of a global recession.
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