Changes at the Office for National Statistics (ONS) which will count future pension rights as if they were present income will turn the UK into a nation of savers instantly, the Telegraph reports.
The reforms, the first for 15 years, will 'boost the size' of the economy, increase the amount of public debt and raise the savings ratio. The report said, as a result the body could revise up growth in...
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Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.
This week’s top stories included KPMG selling its UK pensions practice to private equity-backed firm NewCo.
KPMG has signed a conditional agreement to sell its UK pensions practice to private equity-backed firm NewCo.
The Pensions Regulator’s (TPR) enforcement actions increased by more than a quarter over the last year but the recovery rate against all recoverable debt sat at just 30%, according to law firm Clyde & Co.