Pensions

New analysis shows that Rishi Sunak’s stealthy tax raid could hit up to 900,00 pensioners next year with a unexpected income tax bill. The six-year tax threshold freeze by the Prime Minister will make it necessary for hundreds of…

Senior industry professionals are concerned about the increasing involvement of foreign reinsurance companies operating outside UK regulations in corporate pension arrangements. Many UK companies with large pension plans have sold them…

Leaders of English universities have warned that an increase in employer contributions to pensions next year would result in a drastic cut in student welfare and make it difficult to recruit staff. Teachers in England and Wales are…

Pension funds have resisted a UK government initiative to invest up £50bn into projects and businesses to support economic development, claiming that the country was not attractive enough for their capital. The £1.3tn industry executives…

The global bond market crash has caused havoc on British pensioners' pots. Thousands of people are forced to decide whether they want to delay retirement or suffer huge losses. After a string of positive economic indicators and signs…

According to official UK statistics, cash withdrawals from Pension pots have risen by almost one fifth. This has raised concerns that retirement savings are being squeezed in the current cost of living crisis. According to the latest…

Wilko pensioners will see their savings cut after the defined benefit plan of the retailer collapsed and fell into the Pension Protection Fund. According to PwC's latest estimates, the deficit of the scheme with 2,000 members has…

Amid concerns over the state of the public finances, UK ministers may alter the "triple-lock" rule to increase state pensions by less than a 8.5 percent rise in earnings. Officials have said that the government is looking at adjusting…

Ontario Teachers' Pension Plan agreed to purchase UK wealth manager Seven Investment Management as one of Canada's largest investors bets in a sector which is rapidly consolidating. OTPP has acquired 7IM from Caledonia Investments. 7IM…

The head of one of Britain’s largest fund managers called for a doubled minimum pension contribution from 8 percent of pay to 16. Stephen Bird, Abrdn's chief executive, stated that millions of people are heading towards an inadequate…

As part of a wider plan to stimulate economic growth, the government is looking at ways to make it easier to access surplus funds in pension schemes. Employers and trustees of defined benefit schemes, also known as " final salaries",…

The UK government announced a deal between nine of Britain’s largest pension providers, to increase their investment in growth-oriented companies. It said that if other industry players follow suit, this could unlock £50billion…

A leading think tank has said that Britain should overhaul its pension system in order to create "superfunds", which can control large companies and encourage business investment. According to economists, the UK's long-term decline of…

Under "extremely radical proposals", tens and tens billions in UK business growth could be unleashed by pooling together pension funds from the public and private sectors. Each "GB superfund" would have assets up to £500bn. The Tony…

Mel Stride has said that ministers must "grasp" the nettle and bring forward the increase in state pension age from 66 to 68 within the first two years of the new parliament. Stride explained that he had delayed the decision due to the…

Employers in the UK are pushing to suspend pension contributions that amount to tens and tens millions of pounds, after retirement schemes have experienced unexpected surpluses.