Financial News Roundup

560 315 Peter Deane
Finance

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

British Expats

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 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

Pension transfer 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.

Please click here to read the full article.

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We publish financial news roundup at the end of every week, so watch this space. If you would like to find out more about LowerMyCharges or how to switch your adviser, please contact us directly.

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