Latest articles from Amy Austin

PM announces 1.25% levy and dividend tax rise to fix social care

News on the go

On the go: Prime minister Boris Johnson has set out the government’s long-awaited plans for social care reform, announcing a 1.25 per cent ‘health and social care levy’ and a rise in dividend tax as central elements to cover the costs.

FCA to review DB transfer redress guidance

News on the go

On the go: The Financial Conduct Authority is preparing to review its redress guidance for unsuitable pension transfer advice by the end of the year and has clarified what it expects of financial advice companies in the meantime.

DB transfer requests return to pre-pandemic levels

News on the go

On the go: Cash equivalent transfer value requests are starting to return to pre-pandemic levels following a 50 per cent increase in quotations, research has found.

Introducer fined after making thousands of cold calls

News on the go

On the go: A Halifax-based company has been fined £50,000 by the Information Commissioner’s Office after making 97,000 marketing calls to people offering to review their pensions.

State pension ‘too low’ to scrap earnings link

News on the go

On the go: With the state pension still below the 1979 level relative to earnings, it would be unwise for the chancellor to drop the triple lock earnings link, Baroness Ros Altmann has warned.

Triple lock ‘ticking time bomb’ as earnings grow 8.8%

News on the go

On the go: Pressure is piling on UK chancellor Rishi Sunak to review the pensions triple lock as average earnings have jumped 8.8 per cent in the latest quarter.

Generations divided over triple lock reform

News on the go

On the go: There is a large generational divide when it comes to keeping the triple lock in its current form, with the over-fifties more keen for it to stay than younger people.

Investors in line for £11m windfall as FCA wins Avacade case

News on the go

On the go: The FCA has won its case against unregulated introducer Alexandra Associates UK and its directors over the troubled transfer of £92m pension assets, after previous findings were upheld in the Court of Appeal.

Pensions at bottom of list for young savers

News on the go

On the go: Young savers have put pension saving at the bottom of their list of priorities and would rather save for a home or trips away.

Raise retirement age to help UK recovery, says policymaker

News on the go

On the go: Raising the retirement age could help the country recover post-Covid, a policymaker has suggested.