Aviva sees surge in profit, funds and premiums
Aviva reported its financial results for the fiscal year 2023, with operating profit up 9 per cent to £1,467 million from £1,350 million in the previous year. Aviva's results highlights include a...
DC
DC providers’ UK equity holdings revealed – higher UK allocations typically underperforming peers
Exposure to UK equities ranges from zero, for Aegon Master Trust and TPT Retirement Solutions' master trust, to The Lewis Workplace Master Trust, which had 34 per cent in British shares at...
Ros Altmann: Budget 2024 – good news for British workers, companies and markets
This was a difficult Budget and I hope it provides the kind of boost for growth that Britain really needs, both now and for the future. The Chancellor has some good news for...
Budget ’24: OBR raises IPT projections as premiums soar
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...
Budget ’24: AE reforms kicked into long grass
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...
Budget ’24: Industry reaction
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...
Budget ’24: Disappointment that Lifetime Isa changes overlooked
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...
Jamie Fiveash: Will this Budget deliver for DC scheme members?
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...
Budget ’24: Industry concerns as Hunt presses ahead with ‘pot for life’ reforms
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,...
Budget ’24: Hunt orders DC schemes to disclose UK holdings – and threatens action to increase domestic investment
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...
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DC master trusts have ‘laggards and leaders’ when it comes to net zero
