Newspaper article The Journal (Newcastle, England)

Pound Notes

Newspaper article The Journal (Newcastle, England)

Pound Notes

Article excerpt

PENSION FREEDOM FIGURES SHOW SAVERS OPERATING RESTRAINT AROUND PS1.5 billion-worth of flexible payments were made from pensions to people using the retirement freedoms in the fourth quarter of 2017, HM Revenue and Customs (HMRC) figures show. This compares with around PS1.56 billion in the fourth quarter of 2016.

The freedoms were introduced in April 2015 to give over-55s more options over how they use their retirement cash.

Nathan Long, senior pension analyst at Hargreaves Lansdown, says: "Rather than use pensions to splurge on an extravagant Christmas, retirees have operated restraint when managing their pensions."

'COLD START TO 2018' FOR BALANCE TRANSFER DEALS BORROWERS looking to ease the cost of their Christmas debts may find the range of balance transfer card deals on offer is not as competitive as it once was, analysis has found.

Moneyfacts.co.uk says 2018 had seen a 'cold start' to the market when it comes to the 0% balance transfer credit card market, with 'very few' launches or improvements in the sector. …

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