Politics

When a Chancellor of the Exchequer really wants to pull a rabbit out of the hat, they often turn to pensions. In this year’s Budget, Jeremy Hunt did not disappoint, reducing the...

Pension and insurance companies have welcomed government plans to ban cold calling on all financial products.  The UK government will announce a blanket ban on these unsolicited calls as part of wider...

The defined benefit funding regime needs to adopt a flexible approach that does not negatively impact less mature funds, according to the Pensions and Lifetime Savings Association (PLSA). The body, in its...

Former Labour chancellor Alistair Darling, and David Gauke — a former Conservative Secretary of State of Work and Pensions — will be involved in a new long-term review of the UK’s pension...

The government is reported to have shelved plans to raise the state pension age to 68, amid falling life expectancy and an anticipated backlash from middle aged voters. The Financial Times is...

Today’s surprise jump in inflation means that despite a double digit increase to state pension in April, this benefit is still failing to keep up with prices.  Although many forecasters were expecting...

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...

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...