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...
Pensions
Budget 2023: Industry reaction to shock abolition of LTA
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...
Budget 2023: Hunt to ‘unlock DC assets’ to fund high growth companies
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...
Budget 2023: Tax-free cash sting in tail for LTA break
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...
Budget 2023: Chancellor confirm occupational health consultations and £400m for MSK and mental health support
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...
Budget 2023: Hunt abolishes lifetime allowance
Jeremy Hunt has abolished the lifetime allowance in today’s Budget, as part of a range of measures designed to keep older employees in the workforce. The lifetime allowance, which was previously just...
CA Awards 2023: Provider shortlists unveiled
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...
New EAPA chair named
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...
Zedra makes new legal appointment as it continues expansion plans
Zedra has appointed Jon McKay to be its new global head of legal. In this new role McKay will be part of the senior management committee of the firm, providing legal support...
Two in five over 55s plan to move into semi-retirement before state pension age
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...
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