Pensions

Financial mutual Scottish Friendly has agreed a deal to acquire pension and annuity in payment books of business from Fidelity International. The acquisition consists of a block of unit-linked Section 32 pensions business comprising £2.16 billion assets under management (AUM) across 76 origina

Wbg issued a call to doctors affected by the McCloud remedy to review their tax implications on receipt of their Remediable Service Pension Savings Statement (RS PSS), due by March 2025. The McCloud remedy removes the age discrimination judged to have arisen in the NHS Pension Scheme resulting from

Millions of pensioners reliant on their state pension will be particularly anxious over the Labour Government’s warning of tough times ahead. Those who aren’t entitled to pension credit are seeing their winter fuel allowance withdrawn and there’s since been speculation that the sta

Whilst being self-employed comes with a range of benefits, there are some things that can slip down the agenda in between managing a business, tax returns and work-life balance. Thinking about retirement and saving into a pension is often one of them – but it doesn’t pay to put it off, w

New research from Phoenix Group has found 75% of Scots aged between 40 and 66 (pre-state pension age) say they feel unprepared for retirement, equivalent to nearly 1.5 million people. While some of this group have decades to prepare, others will be looking to transition or enter retirement imminentl

It’s no surprise that the King’s Speech has sparked plenty of headlines, providing the first official opportunity for the new government to set out its plans for the future with key legislation and proposals, writes Jen Paice. And one which will catch the eye of many of us considering ou

Members of a local authority pension fund have lost six-figure sums after accepting costly mis-advice recommending the transferring away of final salary pensions. Originally held with the Tayside Pension Fund, these inflation-proofed pensions come with benefits and guarantees that are lost imme

Against the backdrop of a heated debate on the extent to which National Insurance (NI) funds state pensions, Edinburgh-based Aegon UK has highlighted two official UK government reports into the ‘National Insurance fund’. Steven Cameron, pensions director at Aegon, said: “While gove

In light of the significant rise in the expected level of income needed for retirement, Armstrong Watson Financial Planning's head of advice, Justin Rourke, highlights the impacting factors and discusses what one should consider to achieve their retirement objectives. The expected level of inco

As the UK marks Pensions Awareness Week from 11 to 15 September 2023, findings have revealed that pension savers are concerned about the impact of rising living costs on their retirement plans. It has been over a decade since the introduction of pensions auto-enrolment in the UK, yet the recent Grea

Border To Coast Pensions Partnership has engaged with Edinburgh-based investment giant abrdn for the development and management of its new UK real estate proposition, aiming to launch in late 2024. The partnership will target Border to Coast's 11 local government pension fund shareholders and invest

Over three-quarters (77%) of people in Scotland believe they do not have enough in their pension pots to retire comfortably, according to a survey conducted by RBC Brewin Dolphin. On average, Scots think they need £478,000 in their pension pot and an annual income of £33,000 for a comfor

Retirement plans are set to be heavily impacted by government proposals to push the state pension age to 68 earlier than planned. The state pension age was originally planned to increase to 67 by 2028 and then 68 by 2039, however, ministers have suggested an overhaul to the age at which pensioners r

Armstrong Watson Financial Planning and Wealth Management – part of Armstrong Watson LLP – have announced the launch of their new retirement planning advisory brand with a focus on individuals. With research indicating that by 2035 there will be over 4 million more people heading into th

Profit warnings issued by UK-listed companies with a defined benefit (DB) pension scheme increased by 38% year-on-year in the third quarter of 2022. EY-Parthenon’s latest Profit Warnings analysis finds that the number of profit warnings issued by UK-listed firms with a DB scheme rose from 13 i