A new Minister-led taskforce will help pension schemes address the risks and seize the opportunities of the “social” element in ESG investing. Social factors can include issues ranging from workforce conditions and supply chains to Read More
The DWP and the Pension Regulator have issued a joint statement and amended guidance on transfer regulations introduced in November 2021. The Occupational and Personal Pension Schemes (Conditions for Transfers) Regulations 2021 which were introduced in November Read More
PIMFA, the trade association for the wealth management, investment services and the investment and financial advice industry, has called for members who were wrongly advised to transfer out of the of the British Steel Pensions Read More
The Pension SuperFund (PSF) has announced the appointment of eight Non-Executive Directors (NED)/Board members, covering both the corporate and sponsor operational sides of the business. David Barral: ex CEO of Aviva UK Life and Read More
Latest News
Pensions
Wills & Probate
Retirement Living Standards now accessible to 35 million savers
Up to 35 million savers now have access to the Pensions and Lifetime Savings Association (PLSA)’s Retirement Living Standards through their pension scheme’s communications. In total, 124 organisations are using the Standards, including over 100 pensions Read More
Time to simplify the system as pensioners reclaim £22 million in overpaid tax from HMRC. Latest HMRC statistics show that between 1st January 2022 and 31st March 2022, it paid out £22,317,529 to people who overpaid tax when they Read More
Latest figures from the ONS show that in 2020, there were 103,592 divorces granted in England and Wales, but with the new no fault divorce law that came into force on the 6th April, this figure is Read More
Insight
Latest News
Pensions
Leaseholders on fixed retirement incomes could be denied equity release
New analysis reveals 450,000 homeowners in England and Wales are at risk of becoming mortgage prisoners because their leases have run down to less than 75 years, the crucial threshold for mortgage finance, including lifetime mortgages. The Read More
Pensioners and their loved ones are being urged to take-up Pension Credit, as a new government campaign is launched to help those of pension age with the cost of living. Starting this month, advertising for Read More
Latest research from abrdn reveals that two-thirds of those planning to retire this year will work part-time to keep up with the rising cost of living. The research, which surveyed 2,000 Brits showed that many would-be Read More
The state pension is expected to reach over £200 per week in 2024. Chancellor Rishi Sunak’s Spring Statement revealed that little help will be on offer for pensioners when the state pension rises by 3.1% in April 2022, Read More
The latest flexible payments from pensions data has been released Commentary for Personal and Stakeholder Pension Statistics: September 2021 – GOV.UK (www.gov.uk) Data shows that £8.3bn was flexibly withdrawn from pensions between April and Read More
Pensioners must now spend more to cover basic living costs as funding a comfortable retirement has jumped by more than £2000 per year for couples. An industry report predicts that an extra £40,000 will be needed to Read More
Following Prime Minister Boris Johnson’s unveiling of the 1.25% health and social care levy that will come in to force in the 2023-24 tax year, experts are now predicting that wealth taxes such as inheritance Read More
Despite the often volatile nature of cryptocurrency, there is no denying that this form of digital currency has made huge strides over the past decade. Once considered a fad or even a scam, the global Read More
The overall value of UK housing stock has risen from £5.67trn to £6.42trn over the last year, with private property wealth reaching a new high of £4.87trn according to figures released by the Equity Release Read More
Pensions
Wills & Probate
Wills & Probate Market
“Health and social care levy” introduced to address funding crisis
Prime Minster Boris Johnson has today introduced a “health and social care levy” to ringfence taxpayer funding for the NHS and social care. Mr Johnson was anticipated to break the manifesto promise of no increases Read More
Amongst the many ideas put forward to recover the costs of dealing with the impact of the COVID-19 crisis, an increase in National Insurance contributions seems the most likely and imminent according to a leaked Read More
Insight
Organisations
Pensions
Wills & Probate
Experts call for urgent action to fill care fund vacuum
Consumer education, product innovation and property renovation must be among the priorities to support a more sustainable social care sector, experts have warned. The comments were made when a panel met to discuss the findings Read More
House prices have risen 8.9 percent in the last year, meaning that far more people are likely to be liable to pay inheritance tax in the future if they are left a property when someone dies, Read More
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