The Government has closed its consultation on changes designed to reduce the gender pension gap on the Local Government Pension Scheme (LGPS) in England and Wales. These “access and fairness” changes have...
Pension tax relief cost the Government £78.2bn last year, according to new HMRC statistics — causing speculation that the Chancellor may look to restrict this in the next Budget. This is the...
The number of employees saving into a workplace pension increased last year according to new government figures, with the frozen earnings trigger bringing more workers into the AE net. However, the data...
Death-in-service benefits from a registered scheme will be excluded from inheritance tax when the government brings pensions into the IHT net in 2027. This was confirmed in details published yesterday, setting out...
An independent report will decide whether the Government should bring forward plans to raise the state pension age to 68. This report will also look at the merits of automatically linking the state pension...
The government needs to take ‘decisive action’ on pensions, including addressing AE minimums, to ensure the system is fit or the next generation of retirees, according to the final report from the...
Less than half of the UK’s biggest multi-employer DC pension providers had private market asset allocations in their largest default at the end of 2024 — 17 months after the Mansion House...
The future of Lifetime Isas hangs in the balance after an influential parliamentary report said they were overly complex, fail to support good financial decisions and are not ‘working as intended’, throwing...
Fiscal drag means that almost 9m pensioners will pay tax on their retirement income this year, according to the latest data from HMRC. The combination of freezing the personal allowance threshold, while...
Paying rent in retirement halves the chances of people being able to afford even a minimum standard of living once they stop work, according to new research from Hymans Roberston. Modelling done...
