Information Updates

TOPIC

SPECIFICS

CONCLUSIONS

Consumer Loyalty Penalty Loyal customers are paying a high price for mobile phones, broadband, home insurance & mortgages. Citizen’s Advice Bureau made a complaint to the Competition & Markets Authority
Utilities Energy Prices Cap This will come into effect from 1st January 2019. It is claimed that 11 million households will save over £75 per annum. Citizens Advice Bureau has a price comparison tool on their website to help you switch energy suppliers.
Social Isolation Loneliness Strategy The government announced a loneliness strategy with GP’s (England) able to refer people to various activities.
Finances

Private Pensions

Up to £20 billion is in “lost” pensions. Please call us for details of the Pension Tracing Service if you wish to trace a pension.
Finances State Retirement Pension From 6th November the State Retirement Age for men and women became the same. This is currently set at 65. This will increase to 67 by 2028.
Benefits Employment & Support Allowance (ESA) Tens of thousands of ESA claimants will get a back payment because of DWP errors, some will be over £10,000. These relate to people who moved from Incapacity Benefit or Severe Disablement Allowance to ESA between 2011 and 2014.
Legal Probate The cost for probate will increase from £215 to a sliding scale. For example, estates valued at over £300,000 will cost at least £750, and some as much as £6,000.