Under reforms to the state pension system, the basic pension will be set at £144 plus inflation a week and the complicated system of means-tested “top-ups” will be scrapped. The new system will start in April 2017.
Posted in Pensions | Leave a commentIn one of his first big policy announcements to be made later today (January 4th), Shadow Chancellor Ed Balls will propose a new tax on the pension savings of more than 300,000 wealthier Britons, claiming that those earning more than … Continue reading
Posted in Pensions | Leave a commentFollowing a consultation with financial firms, the Financial Services Authority (FSA) has announced that, from 2014, the predicted growth rates used to give investors an idea of what their pension pot will be worth when they retire must be considerably … Continue reading
Posted in Pensions | Leave a commentA report from a leading pensions institute has warned that the recently launched landmark policy of pension auto-enrolment may be bad for some workers.
Posted in Pensions | Leave a commentAccording to the Financial Times the Confederation of British Industry (CBI) are lobbying the Treasury in a bid to convince pension regulators to change the way scheme liabilities are calculated to cut contribution and insurance rates for employers.
Posted in Pensions | Leave a comment