Young people are still losing out to pensioners March 18, 2024 Claims that pensioners have “lost out” from targeted cuts to a tax that they do not pay are utterly disingenuous, says Emily Fielder This year’s Spring Budget seems to have precipitated a huge media frenzy about what it means for Britain’s pensioners. Commentators from across the political spectrum are asking why the Chancellor has forgotten [...]
Spring Budget 2024: Hunt threatens ‘further action’ to unlock pension investment after disclosure plans March 6, 2024 The Chancellor Jeremy Hunt said he could take “further action” to push pension funds to back UK companies today as he confirmed plans to force them to publicly disclose their levels of UK equity investment in his Spring budget.
Pension funds have ‘abrogated responsibility to the UK,’ says Peel Hunt March 4, 2024 Pension funds have “abrogated their responsibility” to the UK and should start preparing to disclose how much of their cash goes into British firms, one of the UK’s top investment banks has said, after the Chancellor revealed plans for a sweeping shake-up of rules ahead of the budget on Wednesday.
Pensionbee proposes US expansion as fintech expects first annual profit in 2024 March 4, 2024 London-listed fintech Pensionbee has announced plans to expand into the US retirement savings market as it nears profitability following a jump in customer numbers.
Jeremy Hunt piles pressure on pension funds to back British firms in fresh City shake-up March 2, 2024 Pension funds will be forced to reveal how much of their cash is invested in UK companies and poorly performing schemes will be blocked from taking on new business, in a bid to get retirement cash flowing into the economy, the Treasury has announced,
Top City investors unite in plan to unlock funding for British start-ups following Hunt’s Mansion House reforms February 13, 2024 A group of top pension and venture capital chiefs are drawing up plans to unlock a wave of cash from the pension industry into Britain’s start-ups, as the industry looks to implement a government-led commitment signed last year.
Liz Truss’ mini-budget helped knock £425bn off pension funds’ assets in 2022 February 9, 2024 "This fall in assets is primarily due to the loss in value of gilts, corporate bonds and property," the report said.
Proposed pension and investment reforms drive revenue and profits at wealth manager Mattioli Woods February 6, 2024 Mattioli Woods saw its revenue and profits increase during the first half of its financial year.
British Business Bank working on plan to launch new £600m fund for UK startups February 5, 2024 The British Business Bank is set to invest hundreds of millions annually worth of pension savings into UK growth companies.
Post Office warned it could face insolvency over £100m tax bill January 14, 2024 Fears over the Post Office’s finances are growing as it emerged it claimed tax relief on compensation payouts.