Pension Insights

Parliament's Ongoing Focus on Pension Reform Pension legislation is a constant feature of parliamentary activity in the UK. Whether it's the Chancellor adjusting tax rules or the Department for Work and Pensions (DWP) overhauling private or state pension frameworks,...

The Delayed Report on Salary Sacrifice for Pensions HMRC recently published a report, "Understanding the attitudes and behaviours of employers towards salary sacrifice for pensions," which, rather unusually, was based on data collected in summer 2023 and dated January...

Your Pension: Who's Really Making the Investment Decisions? The UK Government is increasingly taking an active interest in the investment strategies, or lack thereof, of pension funds across the country. Government's Tightening Financial Stance As highlighted by...

Understanding State Pension Age Changes in the UK Recent research highlights a significant lack of public awareness regarding forthcoming alterations to the State Pension Age (SPA) in the UK. This issue is particularly pertinent given the historical context of SPA...

The government is showing no signs of changing its plans to levy inheritance tax (IHT) on pensions. Sometimes what creates the most noise in the wake of a Budget is not what will hurt the taxpaying population most in the future. A perfect example from last October’s...

Automatic Pension Enrolment Thresholds remain unchanged. The government has confirmed that there will be no revisions to automatic enrolment in workplace pensions for 2025/26. For a government facing an investment shortfall following a £40 billion tax increase, the...

The Pension Crisis There are now over three million ‘lost’ pensions worth over £31 billion. We all lose things, be it the proverbial change down the back of the sofa or TV remote. But how do you lose a pension? The answer is very easy as suggested by recent research...

A third deadline for topping up State Pension entitlement is now coming into view. “Don't it always seem to go That you don't know what you got 'til it's gone?” The words of Joni Mitchell’s Big Yellow Taxi, recorded over half a century ago, always come to mind when...

Autumn won’t leave much time for the new government to settle before important pension policy decisions need to be made. When MPs return to work after the summer recess, many areas of policy will require attention. Some are inheritances from the last government, while...

Do you dream of retiring much earlier than your peers? Many ideas which originated in the US have made their way across the Atlantic. The latest financial innovation to join index-tracking investments, budgeting apps and exchange traded funds is the FIRE movement –...

Many women born in the 1950s should be paid compensation for a shortfall in their pensions according to a new report. The WASPI (Women Against State Pension Inequality) campaign has been running for nine years. In that time, it has consistently argued that women born...

Pension Dashboard Programme Delayed… 12 June 2023 was a day of procrastination for the new Pensions Dashboard Programme, with a new deadline set for 2026. “[The Treasury] should challenge the industry to make a pensions dashboard available to consumers by 2019,...