Burnham set to signal end of triple lock in conference speech September 29, 2026 Andy Burnham is set to signal the end of the triple lock on pensions in his maiden conference speech as Prime Minister, in a move that is likely to divide the Labour party. In his maiden conference speech as Labour leader, Burnham will suggest the policy is not sustainable in its current form and should [...]
Stamp out pension tax speculation or risk another cash grab, industry warns Healey September 24, 2026 The pension industry has warned Healey not to allow pension tax speculation to go “unchecked” in the run up to his maiden Autumn Budget, after rumours led savers to pull millions from pension pots last year. UK savers pulled £91bn from their pension pots before last year’s Autumn Budget as they looked to dodge Labour’s [...]
Healey urged to ‘restore faith’ by ending personal allowance freeze in Budget September 16, 2026 UK savers are demanding chancellor John Healey end the freeze on the personal allowance in his maiden Autumn Budget, as more Brits get dragged into higher tax bands. A recent poll showed nearly 70 per cent of taxpayers want Healey to unfreeze the personal allowance, with critics arguing it has forced workers and pensioners into [...]
Unleash growth or you’ll have to hike taxes even higher, FTSE 100 boss warns Healey September 8, 2026 The government must unleash growth in the forthcoming Budget or ministers will be forced to hike taxes even higher at future fiscal events, the boss of the largest player in the UK pensions market has warned. Andy Briggs, the chief executive of Standard Life, told City AM the UK’s ageing population leaves the Chancellor John [...]
Standard Life takes £473m hit after stock market rally dents hedges September 7, 2026 Standard Life swung to a loss in the first half of the year after the market moved against positions the firm had taken to shield itself against volatility. The FTSE 100 pensions giant posted an overall loss of £179m for the first six months of the year, driven by £473m in paper losses on financial [...]
‘Reckless’ pensions advice: Watchdog slaps ex-Quilter rep with huge fine September 3, 2026 The City watchdog has banned a former Quilter adviser from working in finance, accusing him of “recklessly betraying his responsibilities” by offering pensions advice he wasn’t qualified to give. The Financial Conduct Authority (FCA) has given Daniel Thomas – whose DPT Financial Solutions was an approved representative of FTSE 250 wealth manager Quilter – a [...]
Sky-high school fees force parents to dig into pensions and savings September 1, 2026 Spiralling education costs after the government’s school fees crackdown are forcing a record number of parents to dip into their pensions and savings to keep their children at private school. According to a fresh Rathbones study, parents face a “double squeeze” having to fund higher private education fees at the expense of their own long-term [...]
Ask the expert: Can I build a £1m pension by 60? September 1, 2026 Fidelity personal financial specialist Marianna Hunt is back on hand to answer your burning questions, and today a reader wants to know how to achieve a £1m pension pot. Q. I’m 32 and earn £50,000 per year. I only have about £55,000 in my pension currently and want to grow that to £1m by age [...]
Over one million pensioners hit by higher income tax rates September 1, 2026 The number of pensioners paying the highest rates of income tax has doubled in the last five years as frozen thresholds drag more Brits into higher bands. The amount of pensioners paying income tax at 40 per cent or 45 per cent has surpassed one million this current tax year, according to a freedom of [...]
Pensioners to hand over bank statements in government benefits crackdown August 26, 2026 Pensioners will have to hand over their bank statements to the government as part of its crackdown on the ballooning benefits system. The Department of Work and Pensions (DWP) is preparing to inform pensioners they will need to provide bank statements as part of its review into Pension Credit claims, I News first reported. The [...]