Latest articles from Amy Austin

Coffey: Pensions a ‘superpower’ to combat climate change

News on the go

On the go: The full power of pensions needs to be used to reduce climate risk in savers’ portfolios and help push the UK towards achieving net zero in the future, work and pensions secretary Thérèse Coffey has urged.

Govt suffers defeat in Lords over triple lock scrap

News on the go

On the go: The government has suffered a defeat in the House of Lords over its plans to restrict increases in the state pension next year by temporarily suspending the triple lock.

Maps told to reform Pension Wise in govt-backed report

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On the go: The Money and Pensions Service has been urged to look into how commercial companies could be used to deliver Pension Wise guidance as part of a government-backed report looking at how the organisation can be improved.

Altmann calls on peers to block triple lock scrap

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On the go: The government’s plan to suspend the triple lock could be blocked in the Lords on Tuesday amid concerns that pensioners will struggle against rising living costs.

State pension to rise by 3.1% in April as inflation dips slightly

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On the go: The UK state pension is set to increase by 3.1 per cent in 2022-23, in line with September’s inflation figure.

Third of judges breach annual allowance as numbers affected triple

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On the go: More than 1,000 judges breached their annual allowance in the 2020-21 tax year and are now facing significant tax bills.

Pensions tax relief ‘cost’ hits £42bn

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On the go: The ‘cost’ of pensions tax relief increased by £4.4bn to £41.3bn between 2017-18 and 2019-20, data from HM Revenue & Customs has shown.

British Steel payouts reach £21.5m

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On the go: The Financial Services Compensation Scheme has paid out £21.5m to members of the British Steel Pension Scheme who were wrongly advised to transfer their defined benefit pensions, after payment figures have doubled in the past few months. 

Triple lock suspension unpopular but fair, says industry

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On the go: By suspending the wages element of the pensions triple lock the government has remained fair to both pensioners and taxpayers, although the former is likely to be disappointed, industry experts have said.

State pension: Triple lock earnings link suspended for 1 year

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On the go: The government has suspended the wages element of the pensions triple lock to avoid a disproportionate rise in the state pension following the pandemic.