The number of retirees paying the highest rates of income tax has doubled over the past five years, with more than one million pensioners now liable for 40 per cent
Pensions
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Dame Julia Hoggett, boss of the London Stock Exchange, has called on pension providers to increase clarity regarding their portfolio compositions. She argues that greater transparency would encourage institutions to
John Healey must address the widening inequality in retirement provision before his autumn budget is finalised. Private pensions function as a privilege for the wealthy while acting as a burden
The Cabinet Office has acknowledged that the decision to outsource the civil service pension scheme has resulted in significant failures, with maladministration leaving some retired civil servants waiting up to
Capita says failures on its Civil Service Pension Scheme contract could cost up to £40 million and delay cash-flow recovery.
Capita has long sold itself to government as the steady pair of hands that can take complicated back-office systems off ministers’ desks and run them more cheaply, more efficiently and,
In an era when financial security during retirement has become increasingly elusive, the plight of pensioners such as Heather Rowell underscores the broader issues afflicting the elderly in Britain. After
The ongoing cost of living crisis in the United Kingdom has rekindled the debate surrounding the state pension’s triple lock. The policy guarantees that pensions increase each year by the
In recent comments that echo the frustrations of many within the British tech sector, Ed Bussey, the chief executive of Oxford Science Enterprises, lamented the lack of participation from UK
The debate surrounding the state pension in the United Kingdom has taken centre stage as the future of the so-called triple lock mechanism hangs in the balance. Designed to safeguard
Legal and General has announced a £1.2 billion share buyback as it aims to pursue further acquisitions, particularly in the area of pension risk transfers. This buyback represents the largest
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
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