Industry lambasts normal minimum pensions age change as final consultation closes
The industry has criticised the government’s planned increase of the normal minimum pension age (NMPA) ahead of the close of HM Treasury’s consultation on its confirmation tomorrow.
Under plans outlined by the Treasury in February, savers will have to be 57 to access their retirement funds from 2028 - two years later than the current eligible age. In laying down the proposal, the...
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IFoA issues CDC call to government in bid to rebalance risk
The Institute and Faculty of Actuaries (IFoA) has urged the government to tackle social care reform and to support alternative structures, such as collective defined contribution (CDC) schemes, to rebalance the risks facing individuals.
KPMG restructuring and covenant business rebrands as Interpath Advisory
The former restructuring advisory and employer covenant business of KPMG has rebranded and launched as Interpath Advisory.
PLSA welcomes government TCFD extension plans
The Pensions and Lifetime Savings Association (PLSA) has welcomed the government’s intention to extend the scope of the Taskforce for Climate-related Financial Disclosures (TCFD).
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This week’s top stories included the FRC issuing a £65,000 penalty and severe reprimand against Richard Jones over previous advice to Guinness Peat Group, and news of Emma Douglas’ departure from LGIM.
Bank of England holds rates amid stronger growth and inflationary outlook
The Bank of England’s monetary policy committee has voted unanimously to hold its key interest rate at 0.1%, with the central bank now forecasting a stronger outlook for GDP growth and inflation.
