‘Hard to justify’: IFS calls for Reeves to limit pension tax-free lump sum September 11, 2024 Rachel Reeves is rumoured to be considering a shake-up of pension tax reliefs in the October Budget as she seeks to address a challenging fiscal inheritance.
State pension set to rise by £460 next year amid winter fuel debate September 10, 2024 This would mean that the state pension rises to around £11,962 next year from £11,502, an increase of almost £9 per week.
No Labour MP wants to cut winter fuel payments, but our commitment to pensioners is steadfast September 9, 2024 Tomorrow’s vote on winter fuel payments will be tough, but making and explaining hard choices is what Labour was elected to do, says Dan Tomlinson Tomorrow I will be voting for something which no Labour MP came into politics to vote for: means testing the winter fuel payment. That I and hundreds of my colleagues [...]
Keir Starmer doubles down on ‘unpopular’ decision to restrict winter fuel payments September 8, 2024 "Every Labour MP was elected in on the same mandate as I was, which was to deliver the change that we need for the country," Starmer said.
Venture capital firm launches UK’s only fund for British pensions September 2, 2024 A venture capital firm has launched the first-ever fund devoted to helping UK pension funds invest in British start-ups and scale-ups. Future Planet Capital’s new British Co-Investment Fund (BCF) will channel pension investment into some of the UK’s fastest growing and most innovative businesses in a move that has been praised as “much-needed” by start-ups [...]
Listed firms could ‘miss out on £125bn’ by handing over pension funds to insurers August 27, 2024 A major pension scheme adviser has calcluated that listed firms with defined benefit pension funds could miss out on £125bn by making increasingly popular buy-out or buy-in deals with insurers.
FCA: Pension schemes to be rated on new traffic light system in bid to boost returns August 8, 2024 The plans will see schemes rated publicly on a range of metrics, including investment performance and service quality, rather than just focusing on costs and charges.
Royal London profits surge double digits as pensions grow August 2, 2024 Royal London's operating profit before tax increased by 13 per cent for H1 2024, as the insurer credits its focus on long-term strategy to have increased its profits.
Rachel Reeves promises ‘big bang’ on growth as she launches pensions review July 21, 2024 The review will explore ways in which billions of pounds worth of assets held by pension funds could be directed to productive assets, helping to fuel growth across the country.
Pensionbee seeks to break into largest defined contribution pension market with US launch July 18, 2024 The US defined contribution market represents around 80 per cent of the global total and is worth $22.5trn in assets.