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New government figures suggest that there is £1.5 billion owing from underpaid state pensions. But how can you tell if you, or a relative, has been affected, and what can you do about it? This guide can help you to find out.
As the Conservative Party chooses our next Prime Minister, our bank balances wait with bated breath to discover what is in store for them. Although neither Rishi Sunak nor Liz Truss can do very much about the external factors affecting the cost of living at present, they have radically different views about how to tackle them.
Amid the melee of ministerial resignation that took place this month, that of Guy Opperman, Pensions Minister, was one that caused alarm bells to ring. Opperman is the longest serving Pensions Minister so far, and his move to leave his role could not have come at a worse time for the many pensions initiatives that are currently in train.
With the pound slumping against many major currencies this year, not to mention the cost-of-living crisis, going on holiday abroad will be more expensive than ever this year. But many of us pay more than we need to when spending money abroad, due to expensive fees charged on our credit and debit cards, or exchange fees when switching currencies while travelling.
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* This figure is accurate as at January 2021 and subject to market movements and net adjustments. Figure is rounded to the nearest billion.
