Triple lock: Pensioners could be set for inflation-busting state pension rise next April October 18, 2023 Under the triple lock, the state pension usually rises each April by inflation, wages or 2.5 per cent – whichever is higher.
Insurers’ £360bn pension plan bonanza could spark government bonds sell-off October 16, 2023 It is estimated that the UK private sector defined benefit pension plans could transfer up to £360bn of assets to insurers over the next five years, which would see a £100bn sell off in government bonds.
Bank of England seeks more ammunition to deal with financial instability after LDI crisis September 28, 2023 The Bank of England is in the process of designing lending tools that allow it to lend directly to insurance firms and pension funds after the near-death experience of the LDI crisis in 2022.
Labour pledge to overhaul audit and corporate governance regime September 25, 2023 The Labour Party has said it will pass long-awaited legislation on audit and corporate governance reforms if it wins the next general election.
Can the City’s pension superfund dreams become reality? September 19, 2023 Government must go further and faster in reforming the UK’s pensions market if ‘superfunds’ that pump cash into the stock are to become reality, experts have warned.
PRA hits back at claims it has been ‘captured’ by insurance sector September 13, 2023 The head of the banking and insurance regulator today rebuffed accusations that it had been "captured" by the insurance industry as it considers major reforms to the sector.
Pensions secretary: Triple lock has ‘very long term’ question marks as cost spirals September 12, 2023 The triple lock - set to cost an extra £2bn as a result of new wage growth data - may not be sustainable in the long-term
Pensions: Cost of triple lock to soar by further £2bn as wage growth ticks up September 12, 2023 The 'triple lock' means today's average wage growth figure of 8.5 per cent will be applied to pensions - costing a further £2bn
Pension bosses under fire for ‘overconfident’ account of Truss-triggered LDI crisis September 11, 2023 Pension bosses have come under fire from experts today after giving an “overconfident” assessment of their role in tackling the crisis that engulfed the sector in the wake of Liz Truss’s disastrous mini-budget last year.
Rishi Sunak dodges commitment to pensions ‘triple lock’ in Tory manifesto September 11, 2023 Rishi Sunak has dodged a commitment to include the pensions ‘triple lock’ in the next Tory election manifesto. The Prime Minister now risks a backlash from his own MPs who will worry about turning off older voters in the general election. It comes amid reports ministers could consider a cut to benefits ahead of voters [...]