The chief executive of Britain’s state economic development agency has issued a stark warning to UK pension funds, emphasising they risk overlooding a significant “goldmine of opportunity” within private British
In a significant move that underscores confidence in the UK financial sector, European insurance giant Athora has announced its acquisition of Pension Insurance Corporation (PIC) for £5.7 billion, marking the
The chief executive of Aviva has issued a stark warning to the government regarding pension investment autonomy, emphasising that investment decisions must remain in the hands of savers rather than
Nearly 300 savers faced tax bills of £98,000 or more on their retirement pots last year after withdrawing substantial pensions in one go. Data from Standard Life reveals that 292
Britain’s largest corporations are being encouraged to support a new initiative proposed by Alastair King, the Lord Mayor of the City of London, aimed at channelling pensions into economically impactful
The Labour Government has initiated significant changes to the winter fuel payment system following public backlash over its initial decision to cut the benefit. Chancellor Rachel Reeves confirmed that the
The government is reportedly considering changes to salary sacrifice schemes for pensions and benefits in kind, as pressure mounts to address the growing fiscal deficit. Recent surveys commissioned by HM
Government pension reforms have sparked concern among industry experts, campaigners, and businesses, as they warn of potential risks to millions of pensions. These reforms, which include measures to facilitate employer
The UK government is being urged to reconsider the mandatory minimum pension contribution rates, as experts warn that the current 8% of earnings is insufficient to guarantee a comfortable retirement
Seventeen of the UK’s largest pension providers have committed to invest £25 billion into domestic assets following government pressure to bolster the national economy. The initiative, which forms part of
The challenges facing AIM, London’s junior stock market, are growing. In 2024 alone, 89 companies left AIM, with notable names such as Hornby opting for private ownership due to regulatory
The world’s largest sovereign wealth fund has attracted an eclectic mix of 82 applicants vying for its chief executive position, offering an annual salary of £500,000. Norway’s Government Pension Fund
A significant move in the UK healthcare property sector emerged today as American private equity firm KKR partnered with the Universities Superannuation Scheme (USS) to make a takeover bid for
In a significant move to boost the British economy, Prime Minister Sir Keir Starmer is set to announce plans enabling businesses to access substantial surpluses held in corporate defined-benefit pension
In a bold move to stimulate the UK economy, Chancellor Rachel Reeves is exploring plans to unlock approximately £100 billion from Britain’s £1.2 trillion defined benefit pension system. The government’s
Financial advisers and wealth management leaders have called upon the Treasury to reconsider its approach to applying inheritance tax (IHT) to pension funds, citing significant concerns over potential delays and