Pensions

Financial planners at wealth and asset management group Rathbones have reported a sharp rise in client queries ahead of plans to bring unused pension savings into inheritance tax (IHT) calculations from April next year. HMRC estimates that around 10,500 estates will face an inheritance tax bill for

With around six months to go until all pension providers and occupational schemes must be connected to the UK's new MoneyHelper Pensions Dashboard, four in five (80%) UK adults remain unaware of the initiative, according to new research from KPMG UK. Awareness is lowest among those closest to retire

The UK government has formalised an amendment to the Pension Schemes Bill, marking a shift in how retirement funds can access private markets. By backing down on previous restrictive language, ministers have ensured that the new legislation remains "wrapper agnostic", focusing on the quality an

Nearly four in ten private sector employers are planning to scrap pension salary sacrifice schemes following the Chancellor's decision to cap national insurance relief at £2,000 per year, according to research by Standard Life. The new polling, conducted among 500 business leaders, shows that

With pensions being brought into estates in a year’s time, savers are being warned not to stop or reduce their contributions to "the best way of building long-term wealth" just to avoid a potential inheritance tax bill. New figures from Murphy Wealth suggest that contributing to a pension coul

Pension and investment mutual Royal London has posted an 18% rise in profits, with its Scottish operations playing a central role in the company's continued growth. The mutual, which employs around 1,800 people across offices in Glasgow and Edinburgh, reported an 18% rise in adjusted profit before t

The Scottish Public Pensions Agency (SSPA) could miss a revised deadline for updating thousands of people about their pension entitlement, a new report has warned. The Auditor General for Scotland today published a new report which raises concerns about the SPPA's work to deliver pensions "remedy" c

As the UK grapples with the retirement savings challenge, and young people stare into a cost of living and employment crisis, Aberdeen Adviser has recommended the UK government close the gap between the Junior SIPP and the Junior ISA annual allowance, by raising the Junior SIPP allowance. Aberdeen A

Pension schemes will need to publish clear data on their performance, costs and quality of service, under proposals announced by the Financial Conduct Authority (FCA), the Department for Work and Pensions (DWP) and The Pensions Regulator (TPR). If a pension offers poor value, firms and trustees must

Over the next decade at least 18 million people could be offered extra help with their investments and pensions with the introduction of targeted support by the Financial Conduct Authority (FCA). The new service will allow firms to make specific suggestions to consumers – so they can make bett

Aberdeen has agreed to become the sponsoring employer of the Stagecoach Group Pension Scheme (SGPS), a move that is set to bring significant benefits to its 22,000 members. The scheme, which benefits from a strong surplus position, will continue to "run on". This model ensures long-term security for

On the eve of the Budget, pensions have emerged as the leading concern among Scots, according to analysis by wealth and asset manager Rathbones. The survey, which polled more than 3,000 UK adults found that 47% of Scots identified pensions as their top Budget issue. This was the highest of any categ

Digital product consultancy Waracle has secured a long-term agreement with People’s Partnership, provider of People’s Pension, in a multi-million-pound deal that will help create the next-generation digital experience for the not-for-profit organisation. The agreement will see Dundee-hea

A new partnership of 20 of the UK's largest pension providers and insurers, named the ‘Sterling 20’, has been launched, marked by a fresh £3 billion wave of investment commitments for the UK economy. The investor-led group was established at the UK government’s first-ever Reg

The UK government has announced a review of the state pension age and revived the Pension Commission to tackle a looming retirement crisis, amid warnings that future pensioners are on track to be significantly poorer than today's. Work and Pensions Secretary Liz Kendall has initiated the legally req