‘More needs to be done’ to help pension savers after salary sacrifice, says Standard life boss Money The boss of one of the UK’s largest pension providers has warned “more needs to be done” to help those saving for retirement after the government introduced a cap on salary sacrifice in the latest Budget. Andy Briggs, the chief executive of Standard Life, told City AM: “Obviously, we weren’t supportive of [salary sacrifice changes] [...]
Reeves told City at ‘critical juncture’ after claims of golden age Economics Rachel Reeves has been handed a firm warning that Britain’s financial ecosystem is facing a “critical juncture” even after the Chancellor touted a “golden age” of opportunity for the City. The Chancellor faces a call to action following a report from lobby group TheCityUK and Big Four consultancy giant PwC revealing the “hard truth” that [...]
Women at risk of running out of pension wealth seven years into retirement Investing Women are retiring with significantly less pension wealth than men, leaving them at greater risk of running out of wealth just seven years into retirement, new analysis has found. Gen X women, aged 55-59, have just £81,000 in their pension on average, compared to the £156,000 held by men of the same age, leaving them [...]