Is Rachel Reeves planning a £24bn pension tax raid? October 1, 2024 It has been reported that the Treasury is considering what could amount to a £24bn pension tax raid as Rachel Reeves tries to plug her £22bn budget black hole. The Chancellor has reportedly been looking at tax relief on pension contributions, specifically, employers’ national insurance relief. There are two forms of national insurance. Employees, paid [...]
‘Pension death tax’ on the cards as Reeves looks to raise cash September 24, 2024 Tom Selby, director of public policy at AJ Bell, said many of the possible reforms come with "significant practical and political challenges".
Pension giants ink £1bn build-to-rent deal September 23, 2024 “We can see there’s a critical shortage of housing supply, coupled with increasing demand for high-quality rental homes,” said Elizabeth Fernando, chief investment officer at the workplace pension fund said.
Reeves to strike positive tone in Party Conference speech September 23, 2024 Rachel Reeves is set to promise a Budget that will “rebuild Britain” in a speech at the Labour Party Conference that will claim that the “work of change has only just begun”. In a notably more optimistic tone than Labour has adopted in recent weeks, the Chancellor will vow to deliver a “Britain of opportunity, [...]
Why do only half of Gen Z professionals think pensions are important? September 21, 2024 Just 56 per cent of Gen Z think saving for a pension is important compared to 77 per cent of Gen X – and that spells trouble for their retirement, says Daniel Harris Generation Z professionals may not be taking their pension contributions seriously enough – a mindset which could potentially impact their future retirement. [...]
How to empower women to take control of their pensions September 20, 2024 Women’s pension pots are, on average, 40 per cent smaller than men’s by the time they reach, but a few simple steps can help close the gender pension gap, says Camilla Esmund It was Pensions Awareness Week this week, which has hopefully encouraged savers to have a look at their pension pots and consider whether they’re on [...]
Companies need to boost employee pensions says IFS September 16, 2024 Approximately 30 per cent to 40 per cent of private sector employees will have individual incomes in retirement that fall short of standard benchmarks, the IFS said.
‘Expensive triple lock’ needs to be reformed to get UK finances in order, OECD says September 16, 2024 "The current fiscal trajectory is unsustainable in the long term," the Paris-based organisation said.
Phoenix Group discontinues Sunlife sale as firm reports profit boost September 16, 2024 Sunlife is a major provider of financial protection products, including life insurance, directly to Britons aged over 50.
Pensioners and the politics of perceptions September 12, 2024 The furore over winter fuel payments is driven by the false idea that pensioners are uniformly old, frail and poor. But in politics, feelings often matter as much as facts, says John Oxley This week’s tussle over the winter fuel allowance has highlighted one of the problems of our politics – how much of it [...]