Labour pledges to reinstate lifetime allowance
The Labour Party has confirmed it would reinstate a lifetime allowance on pensions if it were to win the next election, reversing one of the key announcements in yesterday’s Budget. Speaking this...
The Labour Party has confirmed it would reinstate a lifetime allowance on pensions if it were to win the next election, reversing one of the key announcements in yesterday’s Budget. Speaking this...
The pensions industry has welcomed Jeremy Hunt’s shock decision to scrap the lifetime allowance on pensions, enabling people to save unlimited sums in these tax-efficient savings plans. However, the Budget small print...
The government will publish a consultation on unlocking capital from defined contribution (DC) pension schemes in the Autumn Statement, Chancellor Jeremy Hunt confirmed today in his Budget speech. Citing the government-supported bail-out...
Tax-free cash will not be given assets above the current £1,073,100 lifetime allowance, for the first time breaking the principal that 25 per cent of all pension assets can be paid out...
The Chancellor has announced two consultations on the role of occupational health in the workplace, fuelling speculation that taxation or benefit in kind rules could be changed for certain health interventions. He...
The runners and riders for the provider categories of the Corporate Adviser Awards 2022 have been announced (see below), as the countdown to the awards ceremony on Thursday 29th June begins. Providers...
Karl Bennett, wellbeing director at employee benefits provider Vivup, has been elected to serve as the new chair of the Employee Assistance Professionals Association (EAPA) UK. He succeeds Eugene Farrell, AXA PPP...
More than two in five or 44 per cent of 55-64 year-olds plan to move into ‘semi-retirement’ before they reach 65, allowing them to draw on their pension savings while continuing to...
The chancellor looks set to significantly increase both the lifetime and annual pension allowances in tomorrow’s budget, in a bid to boost employment across older age groups. It is being widely reported...
The number of people aged 16-64 who now say they are retired has fallen to 1,110,000 in November-January 2023, according to new labour market data. This is a 7 per cent decrease...