All Politics articles – Page 4
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NewsPension net pay top-ups to begin by 2026-27
On the go: The first top-ups for individuals making pension contributions to net pay schemes will be provided by the government by the 2026-27 tax year, the Treasury has confirmed.
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NewsMcCloud remedy causes three of four schemes to breach cost cap
The Government Actuary’s Department has published the cost cap valuations of four public sector schemes, confirming that the cost of implementing the McCloud remedy has led to a breach of the cost control mechanism, cancelling previously-agreed benefits increases.
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NewsLabour accuses government of undermining pensions ‘consensus’
On the go: Labour’s shadow secretary of state for work and pensions, Jonathan Ashworth, has accused the government of breaking with pensions “consensus” and undermining workers’ protection with its planned pension reforms.
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NewsCharge cap proposals criticised as govt launches illiquids consultation
The government has said it will “take time to consider” industry concerns around its proposals to exclude performance fees from the charge cap, and has launched a combined consultation into other ways in which to encourage defined contribution schemes to invest in illiquid assets.
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NewsUCU calls for staff welfare inquiry as two-thirds consider quitting
On the go: Two-thirds of university staff could quit the higher education sector altogether over mounting dissatisfaction with pay, pensions and working conditions, the University and College Union has warned, as it calls for the Education Select Committee to set up an inquiry into staff welfare.
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NewsTimms probes Treasury on tax charges to pension scam victims
On the go: Work and Pensions Committee chair Stephen Timms has written to HM Treasury asking for “clarity” on the tax treatment of pension liberation victims.
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PodcastsPodcast: Spring Statement - Missed opportunity to support savers
Podcast: A light Spring Statement on pension topics meant that important issues such as financial education and support for institutional investors are still missing from the government’s agenda, argued Callum Stewart, head of defined contribution investment at Hymans Robertson, and Charlotte O’Leary, chief executive and executive director at Pensions for Purpose.
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NewsInflation hits 30-year high of 6.2%
On the go: Inflation hit another record in February, piling the pressure on the chancellor to address the soaring cost of living in his Spring Statement on March 23.
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NewsGovt pledges to honour triple lock for rest of this parliament
On the go: The state pension triple lock will be honoured for the remainder of this parliament, Thérèse Coffey has said.
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News‘Build back better’ hits wall as trustees report trouble aligning
On the go: Trustees and investment managers are struggling to bring their investment strategies into line with the government’s ‘build back better’ initiative, citing a lack of opportunities and long-term planning.
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NewsMPs to quiz FCA chief over BSPS scandal
On the go: The chief executive of the Financial Conduct Authority will be questioned by MPs as part of an inquiry into the British Steel Pension Scheme saga.
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NewsPension schemes to tackle deforestation in climate push
Pension schemes in the UK will be expected to do more to tackle deforestation as part of the government’s climate policies, pensions minister Guy Opperman has warned.
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NewsParliamentary fund heeds Sunak’s warning over Russia
On the go: The Parliamentary Contributory Pension Fund has ordered its fund managers to divest from Russian assets where possible, after uncovering a small amount of direct Russian holdings.
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PodcastsPodcast: Is this really the right time for auto-enrolment expansion?
Podcast: Expanding auto-enrolment is a great idea in theory, but with sky-high inflation, a cost of living crisis and the potential for a global recession to exacerbate it, is now the right time to pursue it? LCP partner Mary Spencer and Cartwright’s director of investment consulting Sam Roberts debate the merits, discuss pension schemes’ reaction to war in Ukraine, and explore the industry’s readiness for long-term inflation.
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NewsDWP called to intervene in divorced women underpaid pensions
On the go: A bill calling on the government to include divorced women in its efforts to repay those who have been underpaid the state pension has been introduced in parliament.
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NewsGovernment to legislate soon on scheme investment in illiquids
The government will introduce legislation to help pension schemes invest in illiquid assets, the work and pensions secretary has said.
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NewsOpperman slates lack of long-term vision in pensions, hints at reshuffle
Pensions minister Guy Opperman has suggested a reshuffle may be on the cards, and has criticised a perceived lack of long-term vision in the pensions industry.
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NewsEight out of 10 young adults demand earlier pension saving
On the go:More than eight in 10 young people want pension saving to begin before individuals reach the age of 22 — the default age from which employees are automatically enrolled into a workplace pension.
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NewsPension giants call govt to adopt AE expansion
Some of the UK pension industry’s big beasts have joined forces to demand an expansion of auto-enrolment to capture young people, part-time workers and those on lower incomes.
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NewsOpperman promises GMP conversion tax fix
On the go: Pensions minister Guy Opperman has clarified some of the provisions in a bill regarding guaranteed minimum pensions conversion, and pledged to work with HM Revenue & Customs on the tax implications.