Chancellor Rachel Reeves is reported to have ‘stepped back' on plans to scrap higher rate tax relief on pension contributions. There had been significant speculation that Reeves might target pension funds in...
Government pension policy needs to prioritise raising auto-enrolment contribution levels if it wants to make a material difference to people’s financial security in retirement. Speaking at the Corporate Adviser Summit, Royal London’s...
The Department for Work & Pensions acknowledged there are industry concerns around their ‘traffic light’ rating, which is due to be implemented in the forthcoming Value for Money (VfM) regulations. Consultation is...
There are “major risks” in encouraging schemes to invest in UK productive assets, and the new value for money regulation could create a “herd mentality” among schemes and hamper investment innovation. These...
The Department of Work and Pensions minister Sir Stephen Timms has reiterated that he would like to see the government set out a timetable to increase auto-enrolment contributions. His comments came at...
The Treasury has launched a call for evidence regarding its forthcoming Pensions Investment Review. This invites providers, consultants, consumer groups and other stakeholders to submit data, information or other feedback relating to...
Pensions cost the Treasury £48.7 billion in the year ending 2023— an increase of £1.1 billion over the previous year, according to analysis of the latest HMRC data. LCP partner and former...
Axing the winter fuel payment for the majority of pensioners is equivalent to reducing the state pension by 3 per cent, according to analysis by campaigner and former pension minister Baroness Ros...
The Chancellor Rachel Reeves has confirmed that the Labour Government’s first Budget will be on October 30. The announcement came as Reeves scaled back or ditched a number of spending commitments made...
Reforming the taxation of pensions to remove upfront tax relief could net the Treasury up to £20 billion a year, without disadvantaging pension savers over the long term, according to new analysis...
