The Lewis Workplace has more than a third its default fund in UK equities, while two major providers — Aegon Master Trust and TPT Retirement — have no exposure at all to...
This was a difficult Budget and I hope it provides the kind of boost for growth that Britain really needs, both now and for the future. The Chancellor has some good news for...
Today’s Budget documents reveal that the Office for Budget Responsibility (OBR) has raised its projected tax revenue from Insurance Premium Tax (IPT) by over £370 million between 2023-24 and 2028-29. This increase...
The planned enhancements to auto-enrolment appear to have been further delayed, with the Chancellor failing to set out a timetable for reform. In the accompanying Budget documents and speech there was no...
Chancellor Jeremy Hunt announced new regulations for DC pension schemes to disclose investments, introduced a ‘British Isa’ with a £5,000 annual allowance for UK assets, empowered regulators to assess schemes based on...
Chancellor Jeremy Hunt did not make any changes to the Lifetime Isa in today’s Budget speech, despite launching a new British Isa to encourage investment into the UK. There had been calls...
Pension pot-for-life Our main concern is that this is being rushed out the door. Far greater consideration and consultation with industry is needed to ensure that no saver in Britain is left...
There was criticism from the pension industry that Chancellor chose to include ‘pot for life’ pension proposals in this year’s Budget speech. There have been concerns expressed about this ‘Lifetime provider’ model,...
Chancellor Hunt has announced a 2 per cent cut in National Insurance Contributions (NIC), reducing the rate from 10 per cent to 8 per cent starting from April 6th, with self-employed NIC...
Chancellor Jeremy Hunt confirmed that DC pension schemes will be required to disclose their UK and International investments and warned that ‘further steps’ may be necessary to boost further domestic investment. In...
