Stay up to date with free updates Simply register for the Pension sector myFT Digest — straight to your inbox. Brookfield has filed to set up an insurance business in the United Kingdom, a move that will allow one of the world’s largest private equity groups to benefit from a wave of British companies shedding … Read more
The Labour Party has won the general election by a large margin and now everyone is waiting to see whether the party will deliver on its promises. The party made a number of promises to protect people’s pensions and improve the situation for savers if Sir Keir Starmer were given the keys to Downing Street. … Read more
Millions of workers saving in company pension schemes will for the first time put their money into illiquid, unlisted assets. Legal & General has announced a new fund that could manage billions of pounds. L&G, which runs occupational pension schemes for employers including Tesco and NatWest, said its new fund would put savers’ money into … Read more
Stay up to date with free updates Simply register for the ESG investing myFT Digest — straight to your inbox. BlackRock is backing a coalition of U.S. police and firefighter unions that is pushing to keep politics out of pensions, a recent effort to counter the backlash against environmental, social and governance (ESG) investments. The … Read more
The number of Britons over retirement age paying tax on their state pension has increased significantly in the past year, according to new figures published by HM Revenue and Customs (HMRC). Tax authority data shows that annual figures on the number of people paying income tax on their pension payments have risen by 660,000, from … Read more
Increases in the state pension age have contributed to a rise in the number of Brits claiming working age benefits from the Department for Work and Pensions (DWP), new research shows. The Resolution Foundation’s ‘Under Strain’ report shows that real spending on these payments has risen by a third over the past decade and disability … Read more
Pensioners in Britain risk ending up in a tax ‘nightmare’ without serious intervention from MPs, one of the country’s leading pension campaigners has said. Baroness Ros Altmann is urging the major political parties, especially the Labor Party, to reform existing tax rules to prevent older Britons from losing part of their state pension to HM … Read more
Experts are reminding Brits of the seven ‘tricks’ that could significantly boost their pension savings in the coming years. Increasing pension contributions, using ISAs and taking advantage of tax benefits, including when it comes to capital gains tax (CGT) and inheritance tax (IHT), are among the recommendations. Here’s a full list of the seven “tricks” … Read more
Legal & General’s new boss has announced a shake-up of the company, including a sharper focus on its booming pensions division and putting its housebuilding business up for sale. The insurance and asset management group’s new CEO, António Simões, a banker who started in January and previously worked for Santander and HSBC, promised a “simpler … Read more