Economy

New rules designed to protect company pension schemes could cost UK employers an extra £40bn over the next decade, according to new figures from LCP.  The consultancy firm has conducted an impact...

Pensioners will see their state pension rise at five times the current rate of inflation next April, as the triple lock kicks into effect. The Office of National Statistics published inflation figures...

Covid-19 is exacerbating retirement insecurity across the globe and and is causing sustainability problems for the UK’s pension scheme. This was the conclusion from the Mercer CFA Institute Global Pension Index which compares...

Traditionally, group risk benefits have been bought on the premise of staff attraction and retention. However, the coronavirus crisis has shifted this, with more emphasis now on retention and support services utilisation....

Future pension reform could see further divergence between DC and DB pension regimes, with a reduction in higher rate tax relief on DC pensions only, but greater flexibility in regards to access. ...

Market volatility since the outbreak of the global pandemic triggered wild variations in the value of defined contribution pension plans. The so-called global indicator of “fear” among investors - the CBOE VIX Index...

Ditching the state pension triple lock in favour of a ‘double lock’ is unlikely to save the government  money, according to a new policy paper from the Pensions Policy Institute. It recommends...

Larger occupational pension schemes and master trusts could be compelled to improve reporting over climate change risks, under proposals published by the Department of Work and Pensions today. In its consultation paper...

Pension firms are calling for temporary adjustments to the triple lock, amid reports that there are disagreements between the Prime Minister and Chancellor about whether this guarantee should be maintained. Boris Johnson...

Inflation has risen in July, with prices rising 1 per cent year-on-year, according to the latest figures from the Office of National Statistics This is a significant increase on the 0.6 per...