Government announces state pension age review
The government has launched a second review and consultation into the state pension age. The consultation, launched this week, calls for evidence and information from experts in the fields of longevity and aging, older people and the labour market, intergenerational fairness and the fiscal challenges associated with an aging population. Baroness Neville-Rolfe has been instructed […]
Inheritance wealth set to double in next 20 years
New research from the Resolution Foundation reveals that the value of inherited wealth handed down to younger generations is set to double over the next two decades. The report indicates that the offspring of “baby boomer” generation parents will see a 100% increase in inherited wealth due to rapidly increasing house prices and more frequent […]
61% of large pensions withdrawn without advice
A new report by NFU Mutual reveals that thousands could face higher IHT liability by cashing in large pension pots without seeking prior advice. Analysis showed that in the last year 15,296 pension pots worth over £50,000 were fully withdrawn, and around 2,777 pension pots worth over £100,000 were fully cashed, approximately 61.3% of which were taken without advice. […]
MOJ to create 2,000 jobs across England and Wales
Seven new regional Ministry of Justice (MOJ) offices will be opened across England and Wales, the Deputy Prime Minister has announced, as the government continues to level up communities. The new Justice Collaboration Centres will be launched alongside a series of satellite offices as the government’s Places for Growth programme continues to move civil service roles […]
SRA issues guidance on healthy work environments
New resources providing law firms with support and guidance on creating healthy working environments have been issued by the SRA, coinciding with the publication of a review into what solicitors say about the culture in their existing workplaces. Based on a survey of around 200 solicitors, plus feedback from range of stakeholders, the SRA Workplace Culture […]
Law Society Group: 2021 gender pay gap report
The Law Society Group has published its gender pay gap report for 2021. The report includes the combined results of the Law Society of England and Wales and the Solicitors Regulation Authority (SRA), which operates independently. The report shows that the 2021 median pay gap between men and women is 11.3%, lower than the current […]
