All Law & regulation articles – Page 7
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OpinionPensions UK: Budget silver linings for pension schemes
Pensions UK’s Dirk Paterson looks for some positive takes on last week’s Budget announcements relating to investment, indexation, and taxation.
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NewsTPR urges action to support millions of people ‘under-saving’ for retirement
Speaking at the Pensions Expert Annual Conference on 26 November, TPR’s Nausicaa Delfas said the UK’s pensions system was “unfinished business”, with approximately 14.6 million people under-saving for retirement.
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NewsIndustry calls for government to address pre-Budget speculation ‘mania’
Speculation around this week’s Budget has drawn criticism from the pensions industry, with several commentators warning that widespread rumours had prompted people to make irreversible financial decisions.
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NewsMinimum wage hike to aid pension saving for low earners
For a full-time worker on the National Living Wage, the rise means an increase in pay of £900 a year, while for someone on the National Minimum Wage working full-time, it will mean a £1,500 boost.
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NewsBudget round-up: Leaks, sacrifices, and unexpected changes
Pensions Expert gathers all the essential pensions reading from chancellor Rachel Reeves’ 2025 Budget speech in one place, from salary sacrifice to surplus release, and pre-1997 indexation to the financial market reaction.
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NewsPensions and IHT: Rule tweak welcomed but industry warns on complexity
Personal representatives will be able to direct pension administrators to withhold 50% of taxable death benefits in order to pay inheritance tax, according to a note in the Budget speech.
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NewsGovernment to introduce pre-97 indexation for PPF and FAS members
The chancellor has pledged to allow the Pension Protection Fund to share its reserves with members whose benefits do not automatically increase in line with inflation.
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NewsSalary sacrifice cap confirmed after OBR accidentally publishes report early [updated]
A £2,000 cap was widely rumoured beforehand, and confirmed after the Office for Budget Responsibility inadvertently published its report before Rachel Reeves began her speech.
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NewsBudget 2025: Live blog as Rachel Reeves addresses parliament
Follow chancellor Rachel Reeves’ second Budget speech from 12:30pm as she addresses parliament and the nation after weeks of feverish speculation.
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NewsPension Schemes Bill report stage announced for 3 December
MPs will discuss the bill again at the start of December before it progresses to the House of Lords, with 36 amendments tabled and yet to be considered.
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In DepthIn Depth: The last-ditch campaign to save salary sacrifice
The pensions industry has rallied in a last-ditch attempt to dissuade the government from changing salary sacrifice rules, just days ahead of the Budget.
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OpinionPensions and the Budget: When no news is good news
As speculation mounts, savers and pension funds nervously await the 26 November Budget with the mantra, “no news is good news”, writes IGG’s Lou Davey.
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OpinionThe Friday Takeaway: Last stand before landmark Budget
It seems everyone is talking about the Budget. Nick Reeve looks at what might change, and why the biggest rumour would probably be bad news if it turns out to be true.
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OpinionIFoA: Why the state pension age review needs nuance and flexibility
Iain McLellan, deputy chair of the Pensions Board of the Institute and Faculty of Actuaries, looks at the profession’s response to the recent call for evidence as part of the state pension age review.
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NewsFrom £160bn to £11bn: Government reins in surplus release estimate
Data highlighted by the Society of Pension Professionals shows that the government’s central estimate for capital released from DB surpluses is less than 10% of the £160bn it cited at the launch of the Pension Schemes Bill.
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NewsSalary sacrifice changes ‘could put millions of retirements at risk’
The Association of British Insurers has added its voice to opponents of potential changes to salary sacrifice rules, ahead of the Budget speech later this month.
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NewsUpdated sole trustee code launched as TPR eyes increased oversight
The Association of Professional Pension Trustees has updated its code for sole trusteeship to include additional guidance on due diligence and measures providers should take to manage conflicts of interest.
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NewsLCP calls for radical rethink of state pension age amid fiscal pressures
LCP’s Stuart McDonald and Steve Webb have set out a proposal that would link the state pension age to life expectancy while protecting those with shorter life expectancies.
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NewsBox Clever members transferred to ITV Pension Scheme to end decade-long saga
Box Clever members have been receiving benefits level with PPF compensation since 2014, but will now see these restored in full and back payments made after members were transferred to the ITV scheme on 1 October.
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NewsScrapping salary sacrifice could cut take-home pay for staff, SPP warns
The Society of Pension Professionals has warned against making changes to salary sacrifice rules amid mounting speculation that Rachel Reeves could explore such a move in her Budget this month.