M&G tilts focus to life channel as asset management demand stalls Investing A sharp acceleration in bulk purchase annuities stopped M&G from sliding into net outflows in the third quarter, as asset management demand slowed. The investment manager generated net inflows of £1.8bn in the third quarter, remaining flat from the prior year, with the majority recorded by its Life channel. The segment, which handles personal insurance [...]
‘Safety net rather than a straitjacket’: Pension providers question Labour guaranteed income plan Personal Finance Pension providers have questioned whether the government can deliver on its plans to guarantee retirement income for millions of private sector workers. Pensions minister Torsten Bell unveiled plans on Tuesday which will require pension providers to offer workers an annual income as standard in retirement. Dubbed ‘Guided Retirement’, the overhaul is anticipated to bring private [...]
Private workers to get guaranteed pension income for life in bid to close savings gap Personal Finance Private sector workers are set to be given access to guaranteed pension income for life, as the government aims to close the retirement savings gap between the public and private sector. Under new plans set out by pensions minister Torsten Bell on Tuesday, providers will be required to offer workers an annual income as standard [...]
Couples are divorcing after longer marriages, with consequences for their pensions November 3, 2026 A quarter of divorcing couples have been married more than 20 years, making negotiations over pensions and inheritance more complicated than ever, says Liza Gatrell New ONS statistics from September 2026 reveal that marriages ending in divorce in 2025 reached the longest duration since this set of records began over 60 years ago. One of [...]
Protecting pensioners from income tax is unfair to workers October 28, 2026 As Chancellor John Healey prepares to raise the tax-free allowance for pensioners, exempting them from income tax while keeping working-age allowances frozen creates an unnecessary and unfair divide, says Matthew Bowles Today, Chancellor of the Exchequer John Healey will face the unenviable task of persuading the public that Britain’s finances add up. No matter how [...]
Pension reform means Brits don’t have to wait for billionaires to give them shares October 27, 2026 American children may be being given SpaceX shares, but UK pension reforms means Brits can access superstar companies through their savings.
Healey’s state pension shield could create ‘messy £200m cliff edge’ October 26, 2026 The Treasury’s plans to shield low-income pensioners from income tax could lead to a “messy” cliff edge and a ballooning bill for future governments, a former pensions minister has warned. Chancellor John Healey will use his maiden Autumn Budget this week to protect nearly one million retirees who are dependent on the state guarantee by [...]
Cautious trustees ‘tie the hands’ of pension schemes and hold back growth investment, industry boss says October 21, 2026 Workplace pension trustees fixating on low-cost fees “tie the hands of schemes” and make it difficult for them to invest in high-growth companies, the pension trade body has said, after the government’s push to get pension money flowing into equities showed minimal progress. Zoe Alexander, chief policy officer at trade body Pensions UK, said the [...]
New inheritance tax rules will drastically change pension use October 16, 2026 New inheritance tax rules will drastically alter how people use their pensions, and put a lot of individuals in difficult positions, writes Steve Gauke.
‘Absurd’: Pension savers refunded £188m after HMRC overtaxes withdrawals October 16, 2026 Tens of thousands of taxpayers were handed money back from HMRC last year after savers had too much tax deducted from their pension withdrawals, City AM can reveal. HMRC processed 54,166 pension withdrawal repayments in the 2025/26 financial year, worth around £188m, according to figures obtained through a Freedom of Information request. During the financial [...]