Individual Savings Accounts were launched 20 years ago, in April 1999. These tax-efficient savings and investment products were initially aimed at individuals, but in recent years they have started to gain traction in the...
The cost to the government of pensions tax relief was £38.4bn in the 2017/18 tax year, according to latest figures published by HMRC. This figure was £1bn higher than the previous tax...
Auto-enrolment has certainly been successful in boosting contribution levels. Opt-out rates remain low, despite stepped contribution increases, and there are now more than 10m people enrolled in workplace pensions, many of whom...
Environmental, social or governance (ESG) factors have shot up the agenda in the DC pensions sector, driven by regulatory action, political momentum and asset manager product development. But confusion remains over what...
When last year’s Autumn Budget outlined plans to open up patient capital investments for defined contribution (DC) pensions, the reaction from the wider industry was broadly positive but cautious. Some felt the...
The House of Lords committee on intergenerational fairness has delivered a series of recommendations, calling for policies to support younger people in the employment and housing markets. This report also called for...
Mercer has appointed Sylvia Pozezanac as its new UK chief executive. She will replace outgoing chief executive Fiona Dunsire. Pozezanac, will join the company in May - subject to regulatory approval. She has...
Called ClearGlass, the new service is designed to make the new cost transparency regime easy for pension schemes, trustees, consultants and asset managers. The service has been established by Sier, who is...
Willis Towers Watson has accused the investment industry of having ‘one hand on the wheel’ when it comes to stewardship, and says there is an urgent need to accelerate progress on this issue....
Legal & General Investment Managers voted against a record number of global companies in 2018, according to its latest annual Active Ownership report. This report sets out details of LGIM’s stewardship and...
