Pension tax relief: Reeves warned of ‘backlash’ – but offers up roadmap for firms September 3, 2024 Chancellor Rachel Reeves has declined to rule out increasing taxes on pensions in the upcoming Budget, sparking fresh warnings over “anti-growth” policies. Speaking in the Commons on Tuesday, Reeves refused to “speculate about what will be in the Budget” when asked to give savers “peace of mind” over rumoured annuity levies. Despite failing to give [...]
Venture capital firm launches UK’s only fund for British pensions September 2, 2024 A venture capital firm has launched the first-ever fund devoted to helping UK pension funds invest in British start-ups and scale-ups. Future Planet Capital’s new British Co-Investment Fund (BCF) will channel pension investment into some of the UK’s fastest growing and most innovative businesses in a move that has been praised as “much-needed” by start-ups [...]
Listed firms could ‘miss out on £125bn’ by handing over pension funds to insurers August 27, 2024 A major pension scheme adviser has calcluated that listed firms with defined benefit pension funds could miss out on £125bn by making increasingly popular buy-out or buy-in deals with insurers.
FCA: Pension schemes to be rated on new traffic light system in bid to boost returns August 8, 2024 The plans will see schemes rated publicly on a range of metrics, including investment performance and service quality, rather than just focusing on costs and charges.
Reeves: UK pension funds should follow Canadian model to ‘unlock billions’ August 7, 2024 Rachel Reeves wants UK pension funds to “unlock billions” in investment and deliver for British savers by following the Canadian model.
Labour should increase pension contributions to get the UK economy going again August 6, 2024 In the first few weeks in office Labour has announced a number of different policies that Rachel Reeves hopes will get the British economy firing on all cylinders again. One policy that has received less attention – a review into pension adequacy – suggests that important changes might be on the way, changes which would [...]
Royal London profits surge double digits as pensions grow August 2, 2024 Royal London's operating profit before tax increased by 13 per cent for H1 2024, as the insurer credits its focus on long-term strategy to have increased its profits.
Merge council pension schemes to unlock £40bn investment bonanza, Reeves told July 23, 2024 Forcing the UK’s sprawling local government pension schemes (LGPS) to merge into a single “sovereign wealth fund” could unlock £40bn worth of investment for British infrastructure projects, a top pension manager has said.
Rachel Reeves promises ‘big bang’ on growth as she launches pensions review July 21, 2024 The review will explore ways in which billions of pounds worth of assets held by pension funds could be directed to productive assets, helping to fuel growth across the country.
Pensionbee seeks to break into largest defined contribution pension market with US launch July 18, 2024 The US defined contribution market represents around 80 per cent of the global total and is worth $22.5trn in assets.