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
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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
Aviva, one of Britain’s leading pension providers, is set to transform the investment landscape for workplace pension savers by introducing a new default option that will see a significant 25
Pressure is mounting on the government to compel defined contribution pension schemes to increase their investments in UK equities, as concerns grow over the future of Britain’s stock market and
Pressure is mounting on Chancellor Rachel Reeves to execute a £6bn tax raid targeting pensioners, landlords and the self-employed, as advocated by the highly influential Resolution Foundation. The think tank,
For decades, French retirees have enjoyed an enviable standard of living, departing the workforce as early as 62 and benefiting from one of the most generous state pension systems in
The triple lock on the UK state pension is back in the spotlight as new figures suggest payments could increase significantly from next April. This decadesold mechanism determines how much