The Work and Pensions Select Committee has today published its long-awaited report on Defined Benefit pension schemes. LCP submitted written evidence to the Committee and LCP partner Steve Webb gave oral evidence early in the Committee’s...
Retirement
Ten years on from George Osborne’s pension freedoms bombshell, ten key stats which tell a story about retiring in Britain
Next week (19 March) marks a decade since George Osborne’s 2014 ‘pension freedoms’ Budget bombshell announcement (Chancellor George Osborne's Budget 2014 speech - GOV.UK (www.gov.uk)) The reforms, implemented in April 2015, ditched restrictions that previously applied...
Latest Resolution Foundation research finds pensioners gain £1,000 on average from policy changes since 2010
In their report released today, The Resolution Foundation have worked out that pensioners have gained £1,000 on average from policy changes since 2010, with tax rises this parliament offset by Triple Lock boost for all but the richest pensioners Taxpaying pensioners...
Half of British adults want help understanding how much to save for retirement, finds EV
Research from financial technology firm EV in conjunction with Opinium, finds that half (49%) of British adults would like help understanding how much they need to save now to have a comfortable lifestyle in retirement. Those aged between 18 and 34 are far more likely...
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Pensions changes in Budget 2024; the industry responds
In the Spring Budget this afternoon, Chancellor Hunt announced a few changes to pensions. These included stating the commitment to the...
Labour ditches plans for lifetime allowance public sector carve-out
Labour has scrapped plans to create a lifetime allowance carve-out for certain public sector pension schemes, according to reports...
State Pension clarity is key pre-election, but all parties need to count the costs of triple lock says Aegon’s Cameron
Responding to reports of comments by the Prime Minister about the future of the State Pension triple lock, Steven Cameron, Director of...
Quarter of those approaching retirement unaware of option to defer State Pension
25% of retirees aged 55-64 are unaware of option to delay or stop claiming State Pension which could boost annual income by hundreds of...
Extracting surplus from pension schemes will only work if member benefits are 100% protected by a new PPF underpin” – Steve Webb, LCP
“Extracting surplus from pension schemes will only work if member benefits are 100% protected by a new PPF underpin” – Steve Webb,...
New NHS pension changes announced – reaction from Wesleyan
New NHS Pension Scheme changes have been announced, which include permanently scrapping ‘abatement’ rules that affect medical...
Sparrows Capital and Just Group team up to launch innovative retirement income solution
Evidence-based MPS provider Sparrows Capital (“Sparrows”) and Just Group (“Just”) have partnered to launch a retirement income solution,...
Treasury Committee scrutinises HMRC on plans to implement Child Benefit and State Pension entitlement changes: reaction from Quilter’s Greer
Following the communications between the Treasury Committee and HMRC regarding an update on plans to prevent parents who didn't claim...
Running out of money too soon tops list of retirement client concerns
While recent high inflation, the cost-of-living crisis and economic volatility have put real pressure on many people’s finances, research...
Older annuity buyers have most to lose by not shopping around
Retirees waiting until later in life to buy annuities are at most risk of missing out on extra lifetime income by failing to shop around...
M&G Wealth launches tool to support advisers navigating new rules ahead of abolition of Lifetime Allowance
More than three quarters of advisers say they are unsure or don’t have enough information to advise on incoming Lifetime Allowance...
Why the ‘cost of being single’ can have knock on effects for retirement saving
The financial cost of being single can make saving for retirement more difficult, particularly for those who live alone 45% of UK adults...
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