Help! I need to sort out my pensions
Play • 25 min

Putting all of your pension savings in one place to make it easier to manage your retirement plans sounds like a sensible idea — but it’s not necessarily the right solution for everyone. Claer Barrett meets 51-year-old Tina who has spent lockdown searching for all of her old pensions: some have performed better than hoped, but others have had high charges, and she has a gap in her UK state pension contributions due to working overseas. Experts Sir Steve Webb of Lane Clark & Peacock and Catherine Morgan, a financial planner behind the ‘In Her Financial Shoes’ podcast, provide tips for people of all ages looking to sort out their pension savings.

If you would like to talk to Claer for a future podcast episode, email the Money Clinic team with a brief description of your story. Follow Claer on Twitter and Instagram @Claerb and read her weekly Serious Money column in the FT Money section of the FT Weekend newspaper.

Further reading:

Let’s start with the basics. If you’re struggling to get your head around what a pension is, why you need one, and how they work, then check out this free to read column from Claer, A lunchtime lesson about pensions for millennials. Also Claer has written on the pandemic and pensions planning

Tina’s first task was to work out what she had in which pensions, and where. To track down lost pensions, try the UK government’s Pensions Tracing Service, which is free to use - but please do be careful of copycat websites run by commercial firms

To check how many years’ worth of UK state pension contributions you’ve made, what you could receive in retirement and if you have any missing years, use the government’s free Check your State Pension service

The UK government page Your State Pension Explained contains more information on what counts as a qualifying year 

Read this UK government advice page about making extra National Insurance contributions to your UK state pension

Contact the Future Pension Centre to find out if you would benefit from voluntary NI contributions 

The UK government’s International Pension Centre provides advice and information for those who have lived or worked overseas

Want to talk to someone about your pensions options? If you’re over 50, then you can use the UK government’s free Pension Wise service to get detailed guidance from an adviser on your retirement options

Emma Maslin, who blogs as The Money Whisperer, wrote this FT column asking self-employed women how good their pensions are

Finally, if you need some further pensions inspiration on social media, you can follow Catherine Morgan on Instagram

See for privacy and opt-out information.

The ECB Podcast
The ECB Podcast
European Central Bank
How can banks be part of the solution? Supervisory priorities in crisis times
What are banking supervisors worried about for 2021? Why are “marriages” between banks a good idea? And how can supervisors help banks to be part of the solution during this crisis? Our host Michael Steen finds answers to these questions in The ECB Podcast. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 12 February 2021 and recorded on 9 February 2021. In this episode: 01:19 – How the coronavirus crisis has affected banks What the uncertainty during the pandemic has meant for banks, the main risks they are facing, and how banks can be part of the solution this time. 04:50 – How supervisors helped to ensure that bank lending continued during the crisis What steps governments and regulators took to ensure that credit continued to flow, how those measures helped banks to fulfil their role as lenders and what the risks of those policies are. 06:32 – The supervisory priorities for 2021 A closer look at this year’s priorities: credit risk, capital strength, business model sustainability and governance are the areas that supervisors will look at in 2021. Further reading: Supervisory priorities 2021 Introductory statement to the ECB banking supervision press conference Overview: The ECB’s response to the coronavirus pandemic European Central Bank website Banking supervision website You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more:
13 min
The Australian Daily News
The Australian Daily News
The Australian
The Australian Daily News - March 2 (12:00 am)
Aged care: we should all pay to fix system The income of every working Australian should be levied to repair an aged-care system ‘besieged by neglect’, a royal commission has recommended. PM stands by minister accused of rape A senior cabinet minister accused of rape has denied the allegations, and Scott Morrison has rejecting calls to stand him down and hold an independent inquiry. Teenage friend was the sharpest of all I’ve heard her called the ‘alleged victim’, the ‘accuser’ and ‘the dead woman’. To me she’ll always be the girl who made my jaw drop the first time I saw her get to her feet to speak. Cormann in final two for top OECD job Former finance minister Mathias Cormann is one of two final candidates to be the next OECD secretary-general. How the West became more like China For almost a year, basic human rights to free movement, speech and commerce have been turned off in extreme ways for ‘the greater good’. Welcome to our authoritarian future. Murder witness changes her tune A former homeless drug-user implicates others in the death of a Hobart man, after previously swearing she knew nothing about it. Time to act: this crisis is an age-old problem My father experienced the full gamut of failures in the aged-care system. The government must reform the sector with the agility it brought to the pandemic. Miners see the light on CFMEU The CFMEU’s mining and energy division has resolved to split from the union, slamming its ‘macho posturing and chest beating’. Hitler’s mother seen in new light via father’s letters Klara Hitler was a much feistier character than most historians have assumed. Harry, Meghan reveal ‘shocking things’ ‘Were you silent … or silenced?’ Oprah Winfrey says no topic off limits in exclusive interview with Duke and Duchess of Sussex.
2 min
More episodes
Clear search
Close search
Google apps
Main menu