Pensions

Chancellor John Healey is facing "sleepless nights" over a growing "inflation monster" due to surging oil prices, rising interest rate expectations and spikes in government gilt yields threatening markets on both sides of the Atlantic ahead of his inaugural Budget. High borrowing costs are expected

Financial planning group Ascot Lloyd has consolidated its Glasgow operations to bring its brands under one roof for the first time. The group moved into a newly refurbished office at 145 St Vincent Street from its previous base in Blythswood Square. The letting represents an investment in one centra

Pensioners will be forced to hand over their bank statements to the Department for Work and Pensions as part of the government's crackdown on the growing benefits system. The DWP is aiming to cut £370m from the benefits bill and will inform thousands of pensioners they will need to provide ban

The Financial Conduct Authority (FCA) has been urged to overhaul self-invested personal pension (SIPP) data practices and coordinate with HMRC and the DWP to address systemic blind spots. The watchdog's proposals follow 22 SIPP operator failures between 2011 and 2023, that left investors with £

Standard Life has launched a strategic pension risk transfer (PRT) partnership to target the large UK defined benefit schemes, backed by up to £2bn in capital commitments over the next five years. The transaction is structured with a consortium led by private equity firm CVC Capital Partners a

Standard Life has completed the transition of the Scottish Leather Group pension arrangement, with its members joining the firm's contract based group flexible retirement plan. Scottish Leather Group is a manufacturer of sustainable leather solutions, supplying a range of global industries including

The Society of Pension Professionals has warned that millions risk a retirement shortfall because UK policy treats pensions and housing separately. The paper, titled Home Truths: Rethinking Retirement Wealth, highlights a critical structural mismatch in the UK economy.

Retirees have been given an unexpected £100 pension income boost – but experts are urging caution. Annuity rates have been rising due to wider market unrest, with the average annual annuity income up by over £100 since March 2026, analysis from Moneyfactscompare.co.uk rev

Greater investment choice would help pension savers be more proactive, according to research. Of more than 800 members surveyed by digital workplace pension provider Penfold, 69% said they would benefit from more options being made available to them.

More than £87 million was paid in tax on the largest full pension withdrawals in just six months, according to new figures.

John Healey, the newly appointed Chancellor, is being called on to guarantee long-term stability on pension tax rules, following a surge in early withdrawals from retirement savings that new analysis links to uncertainty ahead of the last Budget.

Almost half of UK workers are not confident their pension will provide a comfortable retirement. The gap in pension confidence was highlighted in new research from digital workplace pension provider Penfold.

Millions of people could be required to work until they are 68 before claiming the state pension under plans to bring forward the increase in the retirement age by at least seven years.

An ageing population could be a key driver in state pension spending nearly doubling its share of GDP in the next 50 years.

The National Employment Savings Trust (NEST) is planning to invest up to £1bn in venture capital by 2030 as part of a new strategy. The change in tact by the UK’s largest workplace pension scheme will see a stronger focus on unlisted UK companies.