Five reasons not to combine pension pots, a neglected government savings scheme, and pensioners seeking cash - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Pensions: five reasons to think twice before putting it all in one pot Experts often say it makes sense for savers to combine their pensions in one place, so they have a single pot that is easier to manage. However, former pensions minister Steve Webb believes consumers should think carefully before doing so, The Guardian reports. The Royal London director of policy gives five reasons consumers should think again before pulling together their pots: 1. Combining pensions could throw away enhanced tax-free cash or early retirement options attached to some older pensions 2. Combining ...
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