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Pensions
Britain’s First Pension Superfund Secures Landmark Deal With Wates Group
Clara-Pensions has achieved a groundbreaking milestone by securing its first conventional employer deal, assuming control of the Wates defined benefit pension scheme, which serves 1,500 members. The family-owned construction giant Wates has…
UK Pension Protection Fund Reveals £283 Billion Pounds Error in Defined Benefit Calculations
The UK's pension protection safety net has dramatically revised its funding level estimates for defined benefit pension schemes, slashing £283 billion from previous calculations whilst maintaining the schemes retain a "strong" overall…
UK Wealth Management Leaders Challenge Reeves Pension Inheritance Tax Reform
Leading UK wealth managers have issued stark warnings to Chancellor Rachel Reeves regarding her proposed plan to subject pensions to inheritance tax, describing it as a measure that could severely damage the nation's retirement savings…
UK Chancellor Rachel Reeves Sets Stage for Eight Pension Megafunds Worth £80 Billion Pounds
The UK's financial landscape is poised for a significant transformation as Chancellor Rachel Reeves announces plans to consolidate the country's local government retirement schemes into eight substantial pension "megafunds". This bold…
The Race to Build a £354 Billion Pound British Pension Giant
Britain's local government pension schemes are poised for a significant transformation as Labour's Rachel Reeves pushes forward with ambitious plans to consolidate £354 billion worth of assets. The initiative aims to create a behemoth…
Abrdn boss: Don’t force pension funds to buy UK assets
The head of Abrdn warned that British pension funds should not be "forced" into purchasing UK assets by the government.
Jason Windsor argued that proposals to require retirement funds to invest minimum amounts in the UK were a bad idea.…
Pension funds demand UK fiscal rule changes to spur investment
Investors who manage £1.7tn in assets have called on UK chancellor Rachel Reeves, to overhaul Britain's fiscal regulations to unlock billions more pounds for infrastructure projects.
The group of Pension Investors, including Australia's…
National insurance for pension contributions could raise billions
According to a former Minister, the introduction of national insurance for employer pension contributions would be the most likely way Rachel Reeves would raise millions from the pensions industry in the budget next week .
Sir Steve Webb…
UK State Pension Set to Surge by Over 400 Pounds Annually Reports Suggest
The UK government is preparing to implement a significant increase in the state pension, with reports suggesting an increase of over £400 per year. This adjustment is linked to the triple lock mechanism, which is set to take effect in…
What Tax Increases Could Feature in the UK Autumn Budget
As Prime Minister Keir Starmer warns of "painful" decisions ahead for the UK's public finances, speculation is mounting about which taxes could be raised in the upcoming Autumn Budget. While Chancellor Rachel Reeves has ruled out increases…
Thames Water Barred from Charging Customers to Plug Pension Deficit
Thames Water, the largest water company in the UK, is currently facing significant financial challenges after the regulator, Ofwat, rejected its proposal to charge customers £156.6 million to address a deficit in its pension scheme. The…
Blackstone Sells 3000 Affordable Homes to UKs Largest Pension Fund in Landmark Deal
In a significant move within the UK housing sector, Blackstone, through its affordable housing company Sage, has sold a portfolio of 3,000 shared ownership homes to the Universities Superannuation Scheme (USS) for £405 million. The deal,…
Just Group Expects to Surpass Profit Forecast Amid Booming Corporate Pension Deals
Just Group, a prominent UK life insurer, has announced that it anticipates "substantially exceeding" its full-year profit target following a significant increase in corporate pension deals. This news comes as the latest indication of the…
Rachel Reeves announces plans to create a pension model ‘Canadian style’
On Wednesday, Chancellor Rachel Reeves is meeting with the heads of large pension schemes in Toronto. She wants to implement a "Canadian model" in the UK where massive retirement funds invest in equity and infrastructure.
Reeves wants to…
Retirees could save up to £11000 if pension schemes are restructured
A shake-up that aims to increase the average pensioner's savings by £11,000 could benefit the more than 15,000,000 people in the UK who contribute to workplace pension schemes.
The king announced a package of measures in his speech on…
UK pension funds overpay fund managers by £1.5bn
According to a new analysis, UK pension plans pay fund managers £1.5bn more than necessary in fees each year. This puts pressure on trustees to negotiate better deals for members.
ClearGlass, a data analytics company, conducted an…
Sunak announces a £2.4bn tax cut for pensioners in a bid to stabilize the election campaign
Rishi Sunak, the Conservative Party's leader in the General Election campaign, will announce on Tuesday a £2.4bn (£2 billion) tax cut for retirees. The move is intended to bolster the "grey vote", a key Conservative constituency.
The UK…
IMF warns that shadow bank lending could trigger a new financial crisis
The International Monetary Fund has warned that risky lending by shadow banks could trigger a new crisis.
The Washington-based organization said that the "opaque private credit" of $2.1 trillion, which has boomed over recent years amid…