The benefits industry had little to cheer about from yesterday’s Budget, with the Chancellor ignoring calls to reduce the taxation of corporate healthcare and wellbeing policies. There was no change to current...
The plight of former members of the British Steel Pension Scheme (BSPS) who were advised to give up their defined benefit (DB) pensions in favour of individual defined contribution (DC) pots is...
Exposure to UK equities ranges from zero, for Aegon Master Trust and TPT Retirement Solutions' master trust, to The Lewis Workplace Master Trust, which had 34 per cent in British shares at...
This was a difficult Budget and I hope it provides the kind of boost for growth that Britain really needs, both now and for the future. The Chancellor has some good news for...
Today's Budget documents reveal that the Office for Budget Responsibility (OBR) has raised its projected tax revenue from Insurance Premium Tax (IPT) by over £370 million between 2023-24 and 2028-29. This increase...
The planned enhancements to auto-enrolment appear to have been further delayed, with the Chancellor failing to set out a timetable for reform. In the accompanying Budget documents and speech there was no...
Industry reactions to the budget vary, with some concerned about the alignment between the Chancellor's push for UK investment disclosures and the FCA's responsibilities, while others prioritise existing pension initiatives over the...
Chancellor Jeremy Hunt did not make any changes to the Lifetime Isa in today’s Budget speech, despite launching a new British Isa to encourage investment into the UK. There had been calls...
Pension pot-for-life Our main concern is that this is being rushed out the door. Far greater consideration and consultation with industry is needed to ensure that no saver in Britain is left...
There was criticism from the pension industry that Chancellor chose to include ‘pot for life’ pension proposals in this year’s Budget speech. There have been concerns expressed about this ‘Lifetime provider’ model,...
