DB schemes benefit from surging gilt yields
The negative market reaction to last week’s ‘mini’ budget is impacting both DB and DC pension schemes. One of the biggest impact has come from the surge in gilt yields, which is...
Economy
Mini budget: Industry calls for further pension tax simplification
The pensions industry is calling for a review of pension taxes and allowances as part of the new chancellor’s pledge to simplify the UK tax regime and stimulate growth. The new chancellor...
Budget changes to pension charge cap
The new chancellor Kwasi Kwarteng reformed the pension charge cap in his inaugural ‘mini’ Budget, to encourage pension schemes to invest in infrastructure assets and less liquid private markets. Announcing plans to...
Fidelity launches biodiversity fund
Fidelity International has launched a new biodiversity fund as part of its sustainable fund range. This fund offers the opportunity to invest in a global equity portfolio of companies contributing to biodiversity...
Annuity rates rise by 40pc this year
Annuity rates continue to improve, with Canada Life being the latest provider to reprice rates upwards again. The insurer points out that this is the 16th time this year it has increased...
Kwarteng to deliver mini Budget next week
The new chancellor Kwasi Kwarteng will deliver a ‘mini Budget’ next Friday (23 September) according to reports. This ‘fiscal event’ is expected to announce a range of tax cutting measures, promised by...
Nine out of 10 employers fear staff will struggle amid cost-of-living crisis
Nine out of 10 employers expect their employees to experience financial difficulties this winter, according to new research. The survey, by employee benefit consultants Partners&, indicates an overwhelming majority of employers are concerned...
Inflation eases, but state pension still set for record increase
The rate of inflation is slowing, but the state pension looks set for a record-breaking increase next April, according to latest forecasts. ONS figures show that CPI inflation is currently 9.9 per...
Inflation forecast to top 22pc next year
Inflation targets keep on inflating with Goldman Sachs now warning prices in the UK will be rising at 22.4 per cent next year. This latest forecast comes after US investment bank Citi...
Steven Cameron: The pension priorities for the new prime minister
The new Prime Minister will be announced next week. The biggest question is what support will be offered to households and businesses facing often catastrophic increases in energy bills. However, both candidates...
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