The future of ESG within the pension industry is “genuinely in doubt” due to a political backlash in the US, according to former pensions minister and consultant Guy Opperman. This stark warning...
The Chancellor’s latest budget paves the way for DB schemes to use surplus funds to make direct payments to pensioners. The current Pension Schemes Bill 2025 includes provisions to change the law,...
The chancellor’s decision to restrict salary sacrifice on contributions of more than £2,000 a year could cost the largest employer £1.5m a year. This figure is from modelling by Hymans Robertson, looking...
Chancellor Rachel Reeves has increased the tax rate due on savings interest, dividends and property income. In today's Budget she announced that these will all be increased by 2 percentage points, at both...
The Chancellor Rachel Reeves has confirmed that income tax thresholds will be frozen beyond 2028 to the 2030/31 tax year. Freezing thresholds for a further three years will raise significant sums for...
The Chancellor Rachel Reeves is planning a £4bn tax raid by restricting the amount employees can save into salary sacrifices schemes, according to media reports. The Daily Telegraph reports that Reeves will...
Speculation is mounting that the Chancellor is looking to raise income taxes while simultaneously lowering National Insurance rates at the Budget, potentially hitting pensioners with a tax hike. Although nothing has been...
HMRC has now repaid more than £1.5bn to people who have been overtaxed on pension withdrawals since Pension Freedom rules were introduced. In total pension savers reclaimed £48.5m in the third quarter...
There are “serious concerns” among the pension industry on the timescales being proposed for beneficiaries to pay inheritance tax on pensions. This issues has been raised by the Society of Pension Professionals...
Budget anticipation is building, with rumours about changes to the 25 per cent tax-free lump sum available to most savers when accessing their pension. Royal London has already started to see a...
