News

Cigna is leaving the UK domestic market for healthcare trusts and private medical insurance (PMI). Currently, the insurer’s UK Employer Health medical products unit, which will close, offers group PMI schemes and...

It’s fair to say that the gilt market hated today’s mini-Budget.  People are getting out their long term history books and gilt charts to find example of worse one-day price moves. Gilt...

The pensions industry is calling for a review of pension taxes and allowances as part of the new chancellor’s pledge to simplify the UK tax regime and stimulate growth. The new chancellor...

Increased government borrowing, confirmed in today’s ‘mini’ budget, could have a positive impact on DB schemes according to consultants LCP. This is likely to drive up long-term interest rates and reduce deficits...

The new chancellor Kwasi Kwarteng reformed the pension charge cap in his inaugural ‘mini’ Budget, to encourage pension schemes to invest in infrastructure assets and less liquid private markets. Announcing plans to...

The new Chancellor, Kwasi Kwarteng, has today announced that the basic income tax rate will be reduced by 1 per cent while the higher rate of income tax will no longer apply....

Smart has appointed Eve Read as senior director of strategic delivery. Read will be in charge of the company’s UK proposal team as it adds additional capabilities to the Smart Pension Master...

The government is reversing the 1.25 percentage point rise in National Insurance (NI). The new Chancellor, Kwasi Kwarteng, has confirmed the Tory reversal on the 1.25 percentage point hike from November 6....

The Bank of England increased its benchmark interest rate by 0.5 per cent to 2.25 per cent following a non-unanimous decision in which three policymakers supported an increase of 0.75 percentage points....

Schroders Capital’s real estate team has appointed Peter Lowe as a senior fund manager in the UK, responsible for the Scottish Widows funds that total around £4bn.  Lowe will oversee fund performance...