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Victory for mother hounded by Scottish Widows for £100,000 at a fortnight's notice - after it got its own pension sums wrong

Black widow: The Scottish insurance giant has traded on it's image as protector of vulnerable women - but Natalie McNicholas says the company threatened to take her 'to the cleaners'.

Thousands of pensioners will struggle with debts of up to £100,000 that need to be paid off in retirement

Not out of the woods: Many people are entering retirement still carrying hefty debts.

Research from retirement firm MGM Advantage claims that potentially more than 250,000 Britons are seeing out their retirement with credit card, personal loan or overdraft debts of between £25,000 and £100,000. They are among the four million (34 per cent) of retirees with personal debts, not to mention 1.5 million or so who enter retirement with money still owing on their mortgages.

Ban on pensions middlemen whose rip-off fees wipe out retirement savings

Charges attack: Pensions minister Steve Webb is taking action to ensure pension savers are not hit by hidden fees.

Pensions minister Steve Webb has announced that firms providing auto-enrolment pensions will be banned from passing on charges levied by expensive advisers to their members.

The end of £66-a-week married person's pension: Who - and how many - will it affect?

Marriage changes: State pensions will be calculated based on individual working records from 2016, so people will no longer be able to rely on their spouse's record.

Almost two million married retirees receive a state pension top-up based on their partner's work record but this will close to all claimants in 2016. This is Money takes a look at who this will affect.

Landmark retirement reforms bringing £144-a-week flat-rate state pension confirmed in Queen's Speech

New pension: There will be winners and losers with the new flat-rate state pension.

Sweeping government reforms of retirement funding that will see new flat-rate state pension introduced in 2016 have been unveiled in the Queen's Speech on a landmark day for UK pensioners.

MPs call for lifeline for women who stand to lose out when £66-a-week married person's state pension is scrapped

Pension changes: Men and women will no longer be able to rely on their spouses work record to get state pension payments under the new system.

Dame Anne Begg MP wants the Government to allow for a transitional period so that those close to retirement will still get the payments.

'We are trapped': The life-long school friends split by the £44k state pension divide

Denise Macgregor

Over 65s have lost £4.6bn-a-year in banking crisis aftermath due to poor investment returns

Investments blow: Pensioners are believe to have lost £4.6billion-a-year of income following the banking crisis.

Research for the Mail found couples aged over 65 earn, on average, a third less from their savings and investments than five years ago.

'It was a no-brainer to take the pension rather than the cash': Why lump sums don't add up for many with final salary pensions

Sitting pretty: Charles Ironside had to make decisions on eight pension schemes

The calculations used to swap a lifetime pension for a lump sum today have failed to keep pace with financial markets. Charles Ironside (pictured) had to decide whether to take tax-free cash when he retired last year.

Women and young workers remain ignorant of generous tax relief on pension savings

Unaware: Women are more likely to be in the dark about the benefits of tax relief on pensions.

Just two in five adults are aware that tax relief on pension contributions sees the Government add £1 for every £4 saved by basic rate rate taxpayers, research for Standard Life has revealed.

The Bank of Gran and Granddad: Two in five retiring this year will support their kids to the tune of £240-a-month

Bank of gran and granddad

Two in five of those who are planning on retiring this year are still providing their financial support to their kids, giving them on average £240-a-month, a 'Class of 2013' study by Prudential has revealed.

Coalition at loggerheads over plan to make pensioners pay more - should wealthy retirees pay back their extra benefits?

Pay it back: Iain Duncan Smith has encouraged wealthy pensioners to forego winter fuel payments, free buss passes and free TV licences.

Iain Duncan Smith has called on wealthy retirees to give up or pay back their winter fuel payments, free bus passes and free TV licences if they can afford to do without. But should they have to?

Think tank plan for financial MOTs for all 50-year-olds to prepare them for retirement - paid for by the taxpayer

Advice needed: The Smith Institute thinks financial advice sessions should be provided to people when they turn 50 and when they retire so they can adequately prepare for old age.

The radical suggestion has been put forward in a paper on equity release by The Smith Institute, which argues that the Government should step in to offer financial advice to low-income workers approaching retirement.

What small businesses need to do to avoid pensions pain as auto-enrolment edges closer

Need to know: Small business owners will take on an extra burden when it comes time to start auto-enrolling staff.

This is Money has compiled a checklist for the UK's smallest employers so they can make a smooth transition into auto-enrolment.

Sick or smoker OAPs start to get fairer pension payouts from big insurance companies

Income boost: People with health issues can retire on an income 40 per cent higher than standard, by taking out an enhanced annuity.

Companies such as Standard Life and Phoenix Life are beginning to cater for people retiring in poor health by linking up with rival firms to provide better pension payouts.

Are you doing enough to find a richer retirement? Exploring all options is vital to protect pensions against scourge of inflation

Onwards and upwards: Martin Spring plans to use his pensions to finance his hobbies of cycling and mountain trekking

Experts urge anyone turning their pension funds into retirement income to explore all options. Martin Spring (pictured) has a portfolio of pots which he is gradually converting into a lifetime income.

Workers who move jobs will automatically bring pensions worth less than £10k with them

Announcement: Steve Webb MP wants small pension pots to end up in 'a big fat pot'.

Workers in money purchase pensions with pots of less than £10,000 will have them automatically transferred when they join another workplace scheme.

Flat-rate state pension explained: Who are the winners and losers?

Happily married: Couples are among the winners in the pension shake-up

10 steps to consider before equity release: Could releasing money from your home help your retirement?

Points to consider: Make sure you discuss equity release with your family

Increasing numbers of older people are turning to equity release as a way of raising much-need funds. Read the points to consider before you decide which way to go

How to make the most of a smaller pension pot: Don't stand by as your nest egg is eaten up by low rates and inflation

Reap rewards: Watch your smaller pension pot grow

Although £30,000, £40,000 or even £50,000 may seem a considerable sum your nest egg will be stretched over a number of years, so how do you make the most of it?

Skip your daily latte. Ditch the TV channels you never watch: 10 steps to become a pension millionaire

10 steps to become a pension millionaire

'Oyez! Oyez! I perked up my pension by shopping around': Squeeze more from your pension at every stage of retirement

Good news: Town crier Brian Sylvester found a better pension annuity deal

Careful planning and some basic information about Britain's bewildering pension system can help savers boost their pensions – at every stage of the retirement process.

How comfortable a retirement income could a £1.25m pension pot actually get you?

Life of luxury: We explain how far a £1.25million pension pot will get you.

How big will my retirement income be if my pension pot is at the soon-to-be-introduced tax-free lifetime allowance limit of £1.25 million?

Cheddar cheese to be used by Dairy Crest to solve its £84m pensions pickle

A cut of the cheese: Dairy Crest has pledged £60million worth of maturing cheese to its pension fund.

Every little help to get the best retirement income: Tesco continues financial push with annuity comparison service

Tesco

The UK's biggest retailer has revealed it intends to expand its price comparison website, Tesco Compare, to help people more easily shop around for the best retirement incomes.

'Want to move closer to your family in old age? Then pay us £20,000 to get out of your equity-release loan'

Frustrated: Stan and Janet Keech with their daughter Janine and granddaughter Olivia outside Stan and Janet's new home in Ashington, West Sussex

Stan and Janet Keech got the shock of their lives when they tried to sell their home after the Stan's health problems persisted.

Hargreaves Lansdown online tool to find best retirement income from annuities under fire for hefty charges

Online help, but at a cost: The tool asks you to enter information such as smoking and drinking habits, before it scans each major pension provider for a personalised quote

The free 'to use' online tool has come under fire after it was found that products sold through the comparison tool come with commissions of up to 3.5 per cent.

'A five-day delay knocked £16k off my pension': Savers denied thousands as insurers offer tiny window to grab retirement income

Shock: Retired accountant Brian Buckley and wife Linda, 68

Savers are losing thousands of pounds in retirement due to short-term guarantees which expire on their pension payout offer. Brian Buckley was hit when his pension firm held his money for too long.

Kick back and enjoy your retirement: What you need to know about annuities and how to make the most of your pension pot

Are you pension savvy? How to make the most of your retirement income

By arming yourself with as much information as possible, you could potentially boost your pension payout by thousands of pounds.

Two in five over 45s expect to sell their home to fund long-term care, despite Government attempt to limit costs

Care costs: Pre-retirees believe they will have to sell their home to pay for long-term care.

The second annual Partnership Care Index has revealed that 40 per cent of adults over the age of 45 expect to sell their home in the event they had to go into care, up from 31 per cent last year.

Seven years since 'simplified' pensions came into force - and people are more confused than ever!

Confused

Friday will mark seven years to the day that the 'A-Day' pension reforms hit the UK. But the changes have left savers more confused than ever.

Auto-enrolment pension overhaul sees 308,000 more saving so far - but it will be months before 'opt out' rates revealed

Landmark project: Up to 11 million workers are estimated to be eligible for auto-enrolment, which will be rolled out completely by 2018.

Figures from The Pensions Regulator show that 308,000 employees have been automatically put onto pension plans.

Can I take my entire small pension pot as a tax free lump sum and leave my final salary scheme untouched?

Choices: This reader would prefer to leave her final salary pension untouched, but still wants a lump sum from her money purchase scheme.

My husband died three years ago, why don't I get any of his annuity payments?

Nasty shock: Many spouses stand to receive nothing from their partner's annuity when they die because they haven't chosen a joint life product.

My husband took out an a Prudential with-profits annuity in 2002. He invested £35,892.88. He died in 2010. Does this die with him or is there any pay out to me as his wife?

SIPP vs stakeholder: how to choose the right type of personal pension

Baffled by pension plans? Our guide takes you through the pros and cons of SIPPs and stakeholder pensions

Here, we take a look at the pros and cons of simple stakeholder pension schemes and more complex Self Invested Personal Pensions (SIPPs) to help you choose the right personal pension.

Can I pay extra into the second state pension so I get more than £144-a-week flat rate in 2016?

Changes afoot: The current two-tiered pension system will be replaced by a flat-rate system in 2016.

I have paid enough National Insurance to qualify for the full basic state pension, but is there anything I can do now to boost my state pension above the new £144-a-week flat-rate that will come into force in 2016?

ASK THE EXPERTS: Can I take my late wife's unused IHT allowance?

Ask the Experts cartoon

My wife died in 1996 leaving the bulk of her estate to our son. At the time just over £13,000 of her inheritance tax allowance was unused. Can this be transferred to me on my death?

I'm 61 with a £100,000 pension pot, should I cash it in now or wait a few more years?

Conundrum: Do I cash in my pension now or wait a few more years?

I will be 65 in three-and-a-half years time. With the downward trend of annuities in mind and assuming this general trend continues, should I consider taking an annuity early?

Why did the tax on my private pension increase when I started drawing my state pension?

Why has the tax on private pension increased now I've started drawing my state pension?

When I was living off my Prison Service pension, I was paying around £60 tax. But when I began receiving my state pension the income tax on my prison pension went up. What is the explanation for this?

I am planning my will but need advice. What is the best way to pass my £600,000 estate on to my family?

Financial planning: Making sure your wealth gets passed to your grandchildren

I have two daughters and seven grandchildren. How should I amend my will to ensure I pass on as much of my wealth as possible?

I'm thinking of leaving my husband of 40 years, will I still be entitled to half his pension?

Silver splits:The number of over 60s divorcing in recent years has risen dramatically, these include couples like actor Bill Nighy and his wife Diana Quick who split after 27 years together.

An unhappy woman's dilemma as she weighs up the financial ramifications of leaving her husband before he dies.

New state pension age: Find out when you will be able to retire with our guide

Senior man

GUIDE: How to combine pension pots

Knot

Combining pension pots built up in different jobs could make real financial sense

How to find the cheapest Sipp

pounds

A guide to finding the cheapest Self-Invested Personal Pension (Sipp): Questions you need to ask and a list of low-cost providers

Premium Bonds winners

May 2013
Prize value Winning bond No. Area
£1,000,000 115NG869546 Cumbria
£100,000 19DE565681 Preston
£100,000 13GA272814 Overseas
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£100,000 55PM363212 Birmingham
£100,000 180AW369428 Kirklees
£50,000 28FZ404108 South Yorkshire
£50,000 56BL067688 Reading
£50,000 160AL560239 Merseyside
£50,000 112FF430914 Leicestershire
£50,000 190GK818526 Kent
£50,000 115GQ321214 Staffordshire
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£50,000 199LD622418 Cleveland
£50,000 144NX146695 Hereford and Worcester
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Pension tracker

Pension tracker

Are you saving enough for retirement? Try our 2 minute health check calculator

GO

Inheritance planning

Inheritance planning

Get advice on all aspects of estate planning, including inheritance tax and wills

GO

Annuities

Annuities

Get advice on all aspects of annuities and pension drawdown

GO

Find an adviser

Financial advice

Find an independent financial adviser

Free guides

FREE guides

Sipps, annuities and retirement planning brochures to download or delivered free to your home

GO

Savings accounts

Best savings accounts

See today's top rates on ISAs, instant access, fixed-rate bonds and more

GO

Equity release

Equity release

Get your FREE guide to releasing cash from your home

GO

Mortgages

Best mortgages

See today's latest mortgage rates and get a free consultation with an adviser

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