AJ Bell: Inheritance tax changes risk ‘fundamentally undermining’ pensions system November 24, 2024 AJ Bell's boss said the changes were “arguably the most complex and costly way of raising tax from unused pensions on death”.
Homeowners face massive inheritance tax hike after Budget hit November 21, 2024 London homeowners are going to be hit with an eye-watering 1,840 per cent increase in inheritance tax (IHT) liability, as a direct result of Rachel Reeves’ Budget changes, it has been calculated. A single homeowner in the capital with an averaged priced home of £525,586, with the same amount in their pension, will have a [...]
Five things Rachel Reeves should do if she’s serious about growth November 19, 2024 Rachel Reeves’ pensions reforms are welcome, but they are treating the symptoms, not the causes of low growth. Here’s what she should do next…. In her Mansion House speech last week, Rachel Reeves announced the consolidation of the 86 Local Government Pensions Schemes (LGPS) into eight ‘megafunds’, unlocking deep reserves of investment finance. This is [...]
Why Rachel Reeves’s pension reforms might not be as ‘radical’ as she thinks November 14, 2024 While her changes may constitute the biggest overhaul of the pensions sector in decades, some in the City say the truly radical option remains firmly in the back pocket.
How Rachel Reeves plans to use pension pots to fund an investment boom November 14, 2024 The Chancellor Rachel Reeves is set to lay out one of the most significant shake-ups of the pension system in decades today after years of calls from the City to lean on the sector to fund an investment boom. Currently, 86 different local government pension schemes manage assets between £300m and £30bn, with local government [...]
Reeves eyes £80bn investment with pension ‘megafunds’ November 14, 2024 The Chancellor Rachel Reeves will unveil plans to consolidate the UK’s sprawling £400bn local authority pension schemes today in a bid to unlock a wave of investment into the UK. In her first Mansion House speech in the City, Reeves is expected to announce a new Pension Schemes Bill to be introduced next year, aiming [...]
The Notebook: Closing the gender pensions gap remains at least 20 years out of sight November 13, 2024 The gender pensions gap means many women are facing poverty in retirement. And without urgent action, it may never close, writes Scottish Widows MD Jackie Leiper.
Reeves to lay out pensions overhaul in Mansion House speech November 3, 2024 Rachel Reeves will reportedly propose an overhaul of Britain's pension fund industry in her first Mansion House speech as the government tries to unlock billions of pounds worth of investment.
Autumn Budget 2024: Sweeping overhaul of inheritance tax regime revealed October 30, 2024 Alongside the changes to pension pots, the Chancellor said she was changing the taxation of gifts passed on during someone's lifetime.
Budget: Labour grandee warns pension tax hike rumours are ‘very worrying’ October 25, 2024 Rumours over a hike in employer national insurance contributions on pensions in next week’s Budget have been described as “very worrying” by Labour grandee David Blunkett. Blunkett, who served in Tony Blair’s cabinet as home secretary and secretary of state for work and pensions, said he would “advise strongly against” the changes in a letter [...]