BoE raises interest rates by 0.5pc – industry reaction
The Bank of England raised interest rates by 0.5 per cent today at its monetary policy meeting. This marks the Bank's tenth straight hike to the base rate, which now stands at...
Politics
Tisa appoints Labour life peer to board
The financial services group The Investing and Saving Alliance (Tisa) has appointed Labour life peer and former trade unionist Lord Iain McNicol as an advisor to its board. Lord Iain McNicol of...
DWP holds back on timetable for higher AE contributions
The Department of Work and Pensions has rejected calls from MPs to draw up a timetable imminently to increase minimum AE pension contributions from both employees and employers. The influential Work and...
Chancellor reveals financial services regulation reforms
The government has proposed a series of 30 regulatory changes for the financial services industry. Several EU regulations are being examined, overturned, and changed. The package is the largest revision of banking...
Matt Rodda profile: Labour open for pension business
With the prospect of a Labour government taking power in 2024 or possibly even sooner, the pensions industry should start preparing itself for potential changes in Whitehall. After 12 years out of...
LDI – too much of a liability?
After the mini-crisis of the Truss era, the dust appears to be settling for the DB pension sector as gilt yields moderate. Yet questions remain for the regulator, trustees and investment consultants...
Industry welcomes Chancellor’s move on triple lock
The pensions industry has welcomed the Chancellor’s decision to retain the triple lock, despite pressure to ditch the inflation-linked element to help balance the nation’s finances. Hymans Robertson partner Chris Noon says...
Autumn Statement 2022: Higher earners to pay extra £1,200 in tax
The chancellor Jeremy Hunt has lowered the threshold at which people start paying additional rate tax from £150,000 to £125,000, while also freezing all other income tax thresholds for a further two...
Laura Trott confirmed as new pensions minister
The Department of Work & Pension has confirmed that Laura Trott is the new minister for pensions, with responsibility for pensioner benefits including the State Pension, private and occupational pensions, and oversight...
CA Master Trust Conference: Labour sets out priorities for pensions
Matt Rodda, Labour’s shadow pensions minister has said he wants to start a dialogue with the industry on how to boost longer term retirement saving In the UK, while addressing key issues...
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