Apollo-backed group makes £5.7bn swoop for Pension Insurance Corporation Investing Athora – the European insurance group backed by US private equity giant Apollo – has struck a £5.7bn takeover deal for the UK’s Pension Insurance Corporation (PIC). The acquisition will create a group with combined assets worth near £112m and covering the pensions of more than three million people across Europe. The takeover marks one [...]
‘Expensive triple lock’ needs to be reformed to get UK finances in order, OECD says Economics "The current fiscal trajectory is unsustainable in the long term," the Paris-based organisation said.
Government accused of trying to hide ‘horrific’ impact of winter fuel squeeze Politics Sir Keir Starmer’s government faced accusations of trying to hide from the “horrific” impact of the decision to strip winter fuel payments from millions of pensioners. More than 80 per cent of people aged 80 and over will lose out, as will more than 70 per cent of pensioners. Even among those who should still [...]
State pension set to rise by £460 next year amid winter fuel debate September 10, 2024 This would mean that the state pension rises to around £11,962 next year from £11,502, an increase of almost £9 per week.