50,000 mothers miss out on 'vital' pension rights, claims Royal London

Following the publication on Friday of the latest child benefit statistics from HM Revenue & Customs (HMRC), the mutual insurer has calculated this means these mothers are set to lose hundreds of millions of pounds in retirement. In November, Royal London published a policy paper entitled The Mothers Missing out on Millions, which highlighted how mothers in higher-income families were giving up claiming child benefit.  Royal London policy director Steve Webb explained this was the result of the introduction in January 2013 of the ‘High Income Child Benefit Tax Charge' - a rule that me...