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...
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...
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...
Conservative MP Anthony Browne has brought a Ten-Minute Rule Bill in Parliament today, proposing that employees be given the right to choose their own pension plan and have their employer pay into...
The government is extending the deadline for topping up state pension by three months, following a “surge” in demand for the service. At present consumers can make additional national insurance payments for...
The National Health Service (NHS) is seemingly in a state of crisis, with 7.2 million people now waiting for treatment. Yet the UK electorate remains fiercely loyal to the service, although few...
Canada Life is calling for the chancellor to relax the pension annual allowance rules in the upcoming budget, saying current limits are creating a “tax trap” for millions of over 55s. The...
The Department for Work and Pensions (DWP) has confirm that the Pensions Dashboards Programme is unlikely to meet its original delivery deadlines. In a minister statement the new pensions minister Laura Trott...
One in four pension savers over 55 contributed more than £4,000 to their pensions in 2020/21, fuelling concerns about the potential for ‘mass breaches’ of the Money Purchase Annual Allowance (MPAA) triggering...
The Department of Work and Pensions has appointed Mary Starks to lead a review of the day-to-day running of The Pensions Regulator (TPR). This is in line with expectations that regulators and...
