The new chancellor Rishi Sunak, has dropped plans to reduce higher rate tax relief on pensions, according to reports this weekend. Briefings suggest this change of plan comes after fierce opposition by...
Advisers have called on the government to provide urgent clarification on equalising guaranteed minimum pensions in order to address concerns by trustees and sponsoring companies. HMRC has recently published guidance about this...
Concerns have been raised that attempts to restrict higher rate tax relief on pensions could “kill off” remaining DB schemes in the private sector, and create further funding issues for public sector...
The new Pension Schemes Bill will be published today, after being introduced to the House of Lords yesterday. This bill — which was included in the recent Queen’s Speech — contains legislation...
The Chancellor, Sajid Javid has confirmed his first Budget will be held on March 11 this year. It is widely expected that this will contain proposals to reform the current pension system,...
Guy Opperman has been re-appointed as the minister for pensions and financial inclusion, following last week’s general election. Opperman, who was re-elected as the MP for Hexham, Tynedale and Ponteland, in Northumberland,...
Insurers have criticised government plans to address the problems with the taxation of NHS pensions, as a temporary ‘Elastoplast’, which fails to tackle underlying complexities within the pension system. There has been...
Over the past 15 years, UK savers have become more prepared for their retirement, but there are still significant gender gaps according to new research. Scottish Widows found that more than one...
Advisory firm HUB Financial Solutions found retired households with the lowest income received the lowest level of benefits, raising concerns that many cash-strapped pensioners may not be checking their entitlements to additional...
The two watchdogs work jointly on the ScamSmart campaign, and warn this latest research shows “overconfidence” can lead to savers missing signs of a scam. Its figures show that despite almost two...
