Blow to London Stock Exchange as Scottish Widows plots huge selloff June 19, 2025 The London Stock Exchange has been dealt another hammer blow after it emerged one of the UK’s biggest pension funds plans to massively cut its allocation for UK equities. The Edinburgh-based business, which manages as much as £72bn in pension assets, intends to slash the UK equities allocation in its highest growth portfolio from 12 [...]
What changes to the pension salary sacrifice scheme could mean for you? June 11, 2025 A new report from HMRC has raised concerns around changes to the pension salary sacrifice scheme. A report on workplace pensions by HMRC has fuelled speculation around changes to salary sacrifice schemes. The report looked into employers’ behaviours and attitudes on salary sacrifices and looked into how potential reforms to tax reliefs could change these. [...]
Voters reject Reeves’ plans for state power on pension investments June 10, 2025 A majority of British voters oppose the government having powers to dictate pension fund investments, fresh polling has revealed, in a blow to Rachel Reeves’ attempts to use pension pot funds to boost growth. Three in five voters disagree with government influence over pension fund investments, according to a City AM and Freshwater Strategies poll [...]
Government’s pension pot raid risks leaving millions underfunded June 8, 2025 Government plans to allow companies to extract cash from final salary pension schemes have come under fire after fresh analysis found the policy could put millions of retirees’ savings at risk. The Pension Schemes Bill, introduced last week, creates new rules allowing employers to remove “surplus” cash from defined benefits (DB) pension schemes, which are [...]
Rachel Reeves to shake up pensions to boost UK investment June 5, 2025 The government is set to shake up UK pensions today, with Rachel Reeves planning several government-backed megafunds to boost pension wealth and investment. In the most significant reform to the pensions system since 2021, the bill will focus on six areas – from giving the government a “reserve” power to force pension schemes to invest [...]
What is ‘clearly missing’ from Rachel Reeves’ pension review May 29, 2025 A senior figure at investment bank Peel Hunt has set out what is “clearly missing” from Chancellor Rachel Reeves’ plans for reforming the UK pension industry. The government has provided more details on its proposals which include the creation of £25bn ‘megafunds’ to encourage fresh investment into UK infrastructure and businesses. The Treasury has also [...]
Rachel Reeves to set ‘binding’ pensions allocations in megafunds launch May 29, 2025 Rachel Reeves has confirmed plans to set “binding” allocations in pension funds as the government prepares for the launch of “megafunds” to encourage fresh investment into UK infrastructure and businesses. The Treasury said it would “take a reserve power” in the upcoming Pension Schemes Bill “to set binding asset allocation targets,” a move it said [...]
Londoners working from home could boost pension pot by £236,000 May 21, 2025 Commuters could save hundreds of thousands of pounds in their pension pots by working from home three days a week, a new study has found. Working from home for three days a week reduces the annual cost of commuting by as much as £2,000, which when put into a pension, could pay big boons in [...]
Pension funds sign Mansion House Accord in £50bn boost to UK May 13, 2025 The UK economy could be about to receive a £50bn cash injection after Britain’s biggest pension funds pledged to redirect resources into private markets in a major policy shift. The voluntary, non-binding agreement by the funds, dubbed the Mansion House Accord, will see increased investment into major infrastructure projects as well as greater venture capital [...]
Pension funds that don’t back UK assets should be named and shamed, Phoenix boss says May 12, 2025 Pension funds that don’t invest in UK assets should be named and shamed, the architect of the Mansion House Compact has said, as he called for “bold” action to address problems in London’s capital markets. Sir Nicholas Lyons, chairman of Phoenix Group, said transparency was the best way to catalyse more investment into the UK [...]