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Page 20 - சங்கம் ஆஃப் பிரிட்டிஷ் காப்பீட்டாளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Expert warns pandemic could be triggering a pensions crisis

The Covid-19 pandemic could be triggering a pensions crisis in the North East, warns a pensions expert. According to Aviva, one in 10 working adults stopped or cut back on saving for retirement over the past 12 months. But Mark Parkinson, Partner at MHA Tait Walker Wealth Management, says some went even further and withdrew cash from their pension pots prematurely in order to make ends meet. He has described it as a short-term fix that could do significant long-term damage. We are seeing two problems here: firstly, people have understandably stopped saving because money is tight. Secondly, and more seriously, they have taken funds from their pension pots to solve short-term money worries, he said.

The valuable car part gone in 60 seconds

BBC News By Russell Padmore Published Nikki from London has had the catalytic converter stolen from her car three times. The second time it happened there were 11 or 12 vehicles locally that were also targeted overnight, she told the BBC s World Business Report. The perpetrators can be quite violent, a family friend was attacked by the thieves when he tried to stop them. Another victim in London, Mark, explains how he confronted people he suspected of tampering with his car: They got in a car, slammed the doors and pulled away. I was concerned they had done something to the car, so I started it and it sounded like a tank. They d managed to saw off the catalytic converter.

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