Why cashing in a pension pot as Covid bites should be a last resort

Why cashing in a pension pot as Covid bites should be a last resort

As the pandemic continues to cause financial strain across the country, some people are taking a drastic step to shore up their finances by dipping into their pension pot. HM Revenue and Customs reported that 347,000 people withdrew money between July and September, a notable rise compared with last year. With businesses now shuttered during…

Good returns: your savings can help homeless people –  and earn you 5%

Good returns: your savings can help homeless people – and earn you 5%

Gerry McFarlane lived on the streets of Portsmouth, Glasgow and Edinburgh for years, sleeping rough because his alcohol addiction meant night shelters often wouldn’t accommodate him. He was typical of a section of the street homeless population sometimes designated as “unsuitable” or too challenging – but help provided by a charity has transformed his fortunes….

‘It’s a nightmare’: woman faces £1,300 demand due to universal credit fraud

‘It’s a nightmare’: woman faces £1,300 demand due to universal credit fraud

A Hampshire woman, whose identity was used by fraudsters to apply for a £1,300 universal credit advance, has been told by investigators that they are dealing with thousands of similar cases, and that “it could have happened to anyone”. In March, the Department for Work and Pensions (DWP) suspended face-to-face interviews for new applicants. Between…