Helen Nugent

Money digest: today’s need-to-know financial news | 7 April 2016

Millions of internet users face costs of up to £60 a year to keep their email address if they switch broadband provider. Others risk losing their account altogether if they switch. This is according to Thisismoney.co.uk which reports that BT is tripling the amount former customers will have to pay to keep their BT email address when they switch provider. The charge used to be £1.60 a month but from May it will be £5 – a massive £60 a year.

Meanwhile, a new study suggests that the new state pension – which came into force yesterday – would cost retirees around half a million pounds if bought on the open market. The new flat rate state pension pays out £155.65 a week to retirees who have paid National Insurance contributions for 35 years. But to buy a similar product with private savings would cost a man £243,000 and a woman £264,500, according to a study by insurance firm Aegon. The

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