Today's Budget documents reveal that the Office for Budget Responsibility (OBR) has raised its projected tax revenue from Insurance Premium Tax (IPT) by over £370 million between 2023-24 and 2028-29. This increase...
The planned enhancements to auto-enrolment appear to have been further delayed, with the Chancellor failing to set out a timetable for reform. In the accompanying Budget documents and speech there was no...
Industry reactions to the budget vary, with some concerned about the alignment between the Chancellor's push for UK investment disclosures and the FCA's responsibilities, while others prioritise existing pension initiatives over the...
Chancellor Jeremy Hunt did not make any changes to the Lifetime Isa in today’s Budget speech, despite launching a new British Isa to encourage investment into the UK. There had been calls...
Pension pot-for-life Our main concern is that this is being rushed out the door. Far greater consideration and consultation with industry is needed to ensure that no saver in Britain is left...
There was criticism from the pension industry that Chancellor chose to include ‘pot for life’ pension proposals in this year’s Budget speech. There have been concerns expressed about this ‘Lifetime provider’ model,...
Chancellor Jeremy Hunt confirmed that DC pension schemes will be required to disclose their UK and International investments and warned that ‘further steps’ may be necessary to boost further domestic investment. In...
Demand for annuities has rocketed over the past 12 months, with the number of quotes sourced by advising rising by 60 per cent, according to new data. Financial services technology provider iPipeline...
Johnson Fleming has appointed Martin Parish as its new regional director. Parish joins for Aon, where he worked for almost a decade, most recently as its co-head of UK DC advisory business. ...
Forcing pension schemes to disclose their UK holdings could perversely result in less funding for British businesses, according to industry warnings. AJ Bell has said government proposals to compel UK DC schemes...
