The former pensions minister Steve Webb has warned that flexible access to pension savings has a 'worrying' downside for those who need a mortgage after they retire. Those with a variable income find they can borrow far less than those with a guaranteed income in retirement from either a final salary pension or annuity - depending on its size.
Are these the worst looking cars ever sold? We pick the motoring ugly ducklings that somehow made it out of the factory
Beauty is the eye of the beholder, but there tends to be a general agreement on the worst lookers that escaped an automotive production line. We pick 18 for a catwalk of horrors, including, clockwise from top left, Nissan's Micra C+C, Suzuki's X90, Ford's Scorpio and Morris' Ital. Let us know which models you think we've missed.
The FTSE 100 closed up 34.29 points at 7470.71, rebounding after yesterday's sharp sell off as oil prices rose to one-month highs. Crude rose as Russia's Rosneft, the country's largest oil producer, is the latest name in the market to lend its support to extending OPEC-led production cuts. On the US political crisis, a City pundit said: 'The moves we have witnessed in the past few days should not be forgotten about so quickly, as this scandal surrounding Mr Trump hasn't gone away, it has just cooled off slightly.'
Tories plan to axe state pension triple lock from 2020, and base annual hikes on inflation or earnings with no 2.5% backstop
The Tories will axe the 'triple lock' guarantee from 2020, meaning older people could eventually get smaller annual state pension rises if Theresa May wins the election. The party would switch to 'double lock' increases in three years' time, so the state pension would no longer rise by a minimum of 2.5 per cent each year, but by whichever is the highest of inflation or annual earnings growth.
The highest rated cars for under £20k: We reveal the models awarded five stars by expert road testers at What Car?
You don't have to spend an arm and a leg to get an fantastic car these days. To prove that point, we've teamed up with What Car? to bring you a selection of cars it rated with a maximum five stars that you can pick up from dealers. Including, clockwise from top left, the Seat Ateca, Renault Zoe, Skoda Superb and Mazda MX-5.
We want a tip-top NHS, social care and education, ideally free at the point of consumption, yet the cost of delivering that properly already seems to be beyond us - and grows greater every day. Set aside that crucial trio of services and there are plenty of other things that it's fairly obvious Britain could do with spending some money on. So would you pay more tax?
In our Money Morals series we invite readers to help solve a dilemma. This time, one reader asks whether she should pay an extra £100 a month to have the biggest room in a flatshare, or if she should take the smaller room to save money. Read the question and leave your answer in the comments at the bottom of the article.
Pound pushed past $1.30 for first time in eight months amid renewed faith in UK economy and fears about Donald Trump's leadership of US
It was as high as $1.3048, its strongest since September last year, before falling below $1.30 again. It was boosted in part by UK retail sales shooting up 2.3 per cent in April, surpassing analysts' expectations. US stocks have suffered their worst sell-off since June as doubts continue over Trump's ability to deliver his campaign promises.
It's not just about tracking the market... How to use ETFs to invest in big themes and future growth
Exchange traded funds have become a valuable tool in an investor's armoury when seeking to invest at a lower cost than an active fund. As well as providing exposure to core markets, ETFs now offer the opportunity to invest in social, political and economic themes such as ageing populations or digitalisation. Here is how you could invest in big ideas with ETFs.
Can you trust the tiny Italian firm with the best energy deals? Our pick of the little-known suppliers putting the Big Six to shame
Little-known energy companies are beating the big suppliers to offer the cheapest prices on the market. And some of the companies with the top deals hail from Italy, France and Holland. But many households will be nervous about putting their gas and electricity supplies with firms they have never even heard of. Here we give our rundown of the tiny energy firms offering the best deals.
Why has Neil Woodford bought into Lloyds shares? Fund star buys the bank and 13 other new firms in a Brexit bargain hunt
Neil Woodford, one of Britain's most celebrated fund managers, has scoured the UK market for some Brexit bargains to add to his record breaking flagship fund. The CF Woodford Equity Income Fund has seen an influx of new holdings, most notably Lloyds Banking Group - but not without the complete disposal of Woodford's old favourite holding: GlaxoSmithKline.
Vanguard could spark an investment price war, as index tracker pioneer launches cut-price investing platform... but only offers its funds
US fund group Vanguard has thrown down the gauntlet to Britain's established DIY investing platforms, with the launch of one of the cheapest online investment services. The new platform will pit Vanguard against Hargreaves Lansdown, Fidelity, Interactive Investor. Crucially, however, Vanguard's new platform only allows people to invest in its own funds
Should we give every Briton a basic monthly income? For some it's the key to stamping out exploitation for others it's a ticket to laziness...
Should everyone receive a small monthly lump sum, regardless of how much money they have, how much they earn or how much they do? For many it may seem a radical idea, but it's one that's gaining popularity around the globe. In this episode of the Big Money Questions, Guy Standing explores how a Universal Basic Income would work, how much people would get - and how we would pay for it.
Mum's will says her partner can stay in her bungalow for life, are her sons now officially landlords until they inherit?
Mother's will leaves her bungalow to her two sons but states her 76-year-old partner (who has lived there for approximately 30 years) can continue to live there for the rest of his life. As her sons do not intend to charge the partner rent are they legally defined as landlords? Solicitor Karon Walton (pictured) explains their responsibilities.
THIS IS MONEY'S FIVE OF THE BEST CURRENT ACCOUNTS
Nationwide's Flex Plus Account will pay you 3% interest on up to £2,500 and comes with worldwide family travel and mobile insurance plus European and UK breakdown cover. There is a £10 monthly fee
First Direct regularly tops polls for customer service. Its First Account offers £125 for joining and has a £250 interest-free overdraft beyond that an authorised overdraft costs 15.9% EAR. You must pay in £1,000 per month.
Santander's 123 account pays 1.5% interest on balances up to £20,000 and also gives 1 to 3% cashback on bills. You need to pay a £5 a month fee, pay in £500 a month and have two active direct debits.
Lloyds Bank's Club Lloyds Account pays up to 2% interest on up to £5,000 and comes with a choice of lifestyle benefits. It also offers a fee-free £100 overdraft. Watch out you must deposit £1,500 a month to avoid a £3 fee.
M&S; Bank's current account has a £125 gift card for joining, plus you get an extra £5 a month top up for the year. It has no qualifying criteria.
50 ways to save money: Simple steps to cut what you spend that could clear your debts or seriously boost your savings
To clear the average national household debt of ?13,000 at 6% interest with a monthly repayment of ?100 will take around 17 years. There are, however, plenty of simple ways to make significant savings on your regular spending that could clear your debt - or boost your savings - in less than a year. This is Money's top 50 - updated - money-saving tips may appear light-hearted but are deadly serious.
The amount you can save into a pension ultimately depends on what you can afford - but the longer you leave it the more you will need to save. We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?
Mortgage rates were tipped to start rising in 2017 but so far, there hasn't been any evidence to suggest rates are about to get more expensive. Experts say borrowers sitting on their lender's default rate could save money by remortgaging now.
For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips
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