Walgreen to pay £1bn to offload Boots pension scheme November 19, 2023 Walgreens is believed to be offloading the scheme in order to restart a sales process for the health and beauty retailer.
City chiefs urge chancellor to tackle ‘downward spiral of investment’ and reform ISAs and pensions November 15, 2023 The group called on the chancellor to tackle the “downward spiral of investment” that had taken hold in the UK.
Labour pledge pensions review in bid to boost UK growth November 14, 2023 Labour would review the UK’s entire pension system in a bid to channel billions in retirement savings towards the nation’s growth, Rachel Reeves has said.
BT reduces pension deficit to £3.7bn and will keep contributions flat November 14, 2023 BT has said its pension funding deficit, which was nearly £8bn in 2020, shrunk to £3.7bn in June this year, and its annual contribution amounts will stay the same.
New route for employers to offload retirement plans as UK’s first pension ‘superfund’ deal gets approved November 6, 2023 The UK’s first commercial pension “superfund” deal was cleared by the UK regulators on Monday, opening a new route for employers.
Which region has suffered the most from UK’s £2.2 trillion fall in wealth? October 30, 2023 The rise in interest rates has pushed total household wealth down across the UK, but the impact has been distributed unevenly around the country.
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.