Government urged to amend the Pension Schemes Bill The Association of Investment Companies, (AIC) has voiced its frustration at the incoming Pension Schemes Bill failing to include investment companies. The bill aims to strengthen pension investment by giving government powers to push schemes to invest a percentage of their portfolio in private assets. However, in the drafted legislation which is passing through the [...]
Phoenix Group: FTSE 100 giant changes name to Standard Life Investing Pensions giant Phoenix Group is set to change its name to Standard Life as it adopts the name of the brand it acquired seven years ago. It follows widespread speculation that the board had been considering a name change. The firm stated that Standard Life was its most reputable name and that the change would [...]
State pension could face insolvency by 2036 despite tax hikes Business Britain’s state pension could become financially unsustainable as early as 2036, despite recent increases in National Insurance contributions, according to new modelling by the Adam Smith Institute (ASI). The think tank warned the Treasury is on course to spend more on welfare payouts than it receives in National Insurance receipts within just over a decade. [...]