Sir Keir Starmer has halted plans for a reform of Britain’s welfare system. This decision comes as the government aims to avoid confrontations with Labour MPs. The Department of Work
Pensions
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Rachel Reeves has announced a significant change to the pension contributions landscape, capping pre-tax contributions at £2,000 starting from April 2029. This decision has sparked discussions within the political sphere,
Tax on pension income will soon become unavoidable for most retirees in the United Kingdom. Whilst the Government has committed to ensuring that those whose sole income derives from the
More than half a dozen of the United Kingdom’s largest insurers have been identified as potential bidders for Aegon’s UK arm, in a transaction expected to raise between £1.5 billion
Politicians have been criticised for the reluctance of their pension scheme to invest substantially in UK companies after it was revealed that less than three percent of its equity portfolio
Thousands of former employees of Sir Philip Green’s Arcadia Group have received an unexpected financial boost following news that the company’s pension scheme is now in surplus. This development offers
The Chancellor faces a gap of at least £20 billion in the upcoming November budget, demanding a strategy that is both effective and politically viable. Enhanced tax receipts have offered
A proposed clampdown on tax advantages attached to salary sacrifice schemes risks disincentivising pension saving in Britain and penalising responsible employers, according to Dame Amanda Blanc, chief executive of Aviva.
Chancellor Rachel Reeves’s proposal to allow companies increased access to surpluses within defined benefit pension schemes has drawn severe criticism from representatives of pensioners affected by the infamous Robert Maxwell
Rachel Reeves, Chancellor of the Exchequer, is expected to introduce a significant new cap on pension tax relief as part of the upcoming budget. This move will see the government
The Chancellor has openly hinted at an incoming increase to income tax, signalling a decisive shift in the government’s approach to tackling the UK’s fiscal deficit. Following her speech at
Nigel Farage, leader of Reform UK, has cast significant uncertainty over the future of the pensions triple lock, signalling a shift away from the party’s ambitious economic pledges from its
Labour is facing mounting calls to permit individuals to access their state pension up to three years early as the future of the triple lock guarantee comes under the spotlight.
Britain faces a bleak fiscal outlook unless urgent action is taken to rein in welfare expenditures, according to a warning from the world’s largest bank ahead of the November Budget.
Speculation over possible government cuts to the tax-free lump sum allowance has sent shockwaves through Britain’s pension sector, with industry leaders warning against rumour-fuelled withdrawals and urging the Chancellor to
One of the United Kingdom’s largest pension schemes, the Local Government Pension Scheme (LGPS), has allocated £16bn of members’ savings into so-called “shadow bank” loans, sparking growing concerns about the
