The pension triple lock won’t ‘last forever’, warns Labour MP November 26, 2025 A Labour MP has admitted that the pension triple lock won’t “last forever”, as the Budget fails to mention an end to the controversial scheme. Speaking live to City AM‘s Christian May and Alys Denby, Chris Curtis, MP for Milton Keynes North, said that the “triple lock inevitably cannot last forever”. He said: “That is [...]
Autumn Budget: Salary sacrifice pension contributions capped November 26, 2025 Chancellor Rachel Reeves has ripped up the salary sacrifice scheme regime, to the chagrin of both employers and employees, and could potentially put Brits’ pension savings at risk. Salary sacrifice allows employees to give up a portion of their salary for other benefits, such as childcare vouchers and electric vehicle grants, reducing total income and [...]
Salary sacrifice cuts could damage retirement savings November 13, 2025 Brits will save less into their pensions if rumoured changes to salary sacrifice schemes are confirmed in the Budget, putting individual retirements and economic growth at risk. According to the Association of British Insurers (ABI), nearly 40 per cent of people will put less into their pension if Chancellor Rachel Reeves decided to cap salary [...]
Government to reconsider Waspi women compensation claim after new evidence November 12, 2025 The decision not to award compensation to women affected by the rise in state pension age will be reviewed, the Work and Pensions Secretary has said, after new evidence came to light. Pat McFadden confirmed the decision will be reconsidered and the government will withdraw from the judicial review brought by the Women Against State [...]
Autumn Budget: How could Rachel Reeves change salary sacrifice rules? November 10, 2025 Salary sacrifice schemes have allowed Brits earning more than £100,000 to avoid high taxes since the 1970s. While a pay rise can be lucrative for some employees, for others being dragged over the £100,000 threshold can be financially damaging, particularly for parents of young children who risk having their free childcare hours pulled away and [...]
Do you need to contribute more to your pension? November 5, 2025 The introduction of auto enrolment has drastically changed the retirement outcomes for millions of Brits, increasing private sector employees’ pension contributions. The move, which came into force in 2012, allowed savers who joined the workforce too late to benefit from the gold plated, inflation protected defined benefit schemes to secure a consistent pension stream, without [...]
The tax trap catching thousands of working pensioners October 30, 2025 Thousands of working pensioners found themselves ensnared in the income tax trap last year, as frozen thresholds yanked them into the higher tax bracket. According to a freedom of information request to HMRC by Interactive Investor, 77,000 pensioners found themselves paying 60 per cent income tax, up from just 34,000 three years ago. It was [...]
UK pension provider looks to launch defined benefit superfund October 9, 2025 British pensions provider, TPT retirement solutions, is seeking to launch a defined benefit (DB) superfund, that will hold schemes rather than sell them to an insurance company. TPT, a mid-sized provider which manages £11.1bn of pension assets, has secured capital to fund the launch of the DB superfund and the first £1bn of transactions, in [...]
Brits risk financial future as they fail to save for retirement September 15, 2025 UK savers are failing to put enough money away to fund retirement, despite growing calls from industry figures for people to get to grips with their pension savings. According to the latest report from Lloyds subsidiary Scottish Widows, nearly a quarter of working age people aren’t currently saving for retirement. Meanwhile, over a third are [...]
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.