The UK’s financial landscape is poised for a significant transformation as Chancellor Rachel Reeves announces plans to consolidate the country’s local government retirement schemes into eight substantial pension “megafunds”. This
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The head of Abrdn warned that British pension funds should not be “forced” into purchasing UK assets by the government. Jason Windsor argued that proposals to require retirement funds to
Investors who manage £1.7tn in assets have called on UK chancellor Rachel Reeves, to overhaul Britain’s fiscal regulations to unlock billions more pounds for infrastructure projects. The group of Pension
According to a former Minister, the introduction of national insurance for employer pension contributions would be the most likely way Rachel Reeves would raise millions from the pensions industry in
The UK government is preparing to implement a significant increase in the state pension, with reports suggesting an increase of over £400 per year. This adjustment is linked to the
As Prime Minister Keir Starmer warns of “painful” decisions ahead for the UK’s public finances, speculation is mounting about which taxes could be raised in the upcoming Autumn Budget. While
Thames Water, the largest water company in the UK, is currently facing significant financial challenges after the regulator, Ofwat, rejected its proposal to charge customers £156.6 million to address a
In a significant move within the UK housing sector, Blackstone, through its affordable housing company Sage, has sold a portfolio of 3,000 shared ownership homes to the Universities Superannuation Scheme
Just Group, a prominent UK life insurer, has announced that it anticipates “substantially exceeding” its full-year profit target following a significant increase in corporate pension deals. This news comes as
On Wednesday, Chancellor Rachel Reeves is meeting with the heads of large pension schemes in Toronto. She wants to implement a “Canadian model” in the UK where massive retirement funds
A shake-up that aims to increase the average pensioner’s savings by £11,000 could benefit the more than 15,000,000 people in the UK who contribute to workplace pension schemes. The king
According to a new analysis, UK pension plans pay fund managers £1.5bn more than necessary in fees each year. This puts pressure on trustees to negotiate better deals for members.
Rishi Sunak, the Conservative Party’s leader in the General Election campaign, will announce on Tuesday a £2.4bn (£2 billion) tax cut for retirees. The move is intended to bolster the
The International Monetary Fund has warned that risky lending by shadow banks could trigger a new crisis. The Washington-based organization said that the “opaque private credit” of $2.1 trillion, which
The UK’s largest long-term retirement and savings business has drawn up plans for a new superfund that will support fast-growing businesses as a boost to Jeremy Hunt. Phoenix, the company