A proposal to ensure savers receive a Pension Wise appointment prior to accessing their retirement pot has received cross-party support in parliament, while Labour seeks net-zero pensions by 2050.
The Parliamentary Contribution Pension Fund has been criticised for continuing to invest in fossil-fuel heavy companies despite a push into renewable energies.
Reports that new chancellor Rishi Sunak is set to abandon cuts to tax relief on pensions contributions are continuing to circle.
Speculation is growing that chancellor Sajid Javid is seeking to raise revenue by cutting the tax relief on pension contributions for high earners from 40% to 20%.
The Pensions Regulator (TPR) has welcomed the government’s latest update on the details of the pension schemes bill.
The Net Pay Action Group (NPAG) is urging the government to deliver on its manifesto pledge to review unfair tax rules in pensions.
The government will reintroduce the pension schemes bill as part of an “ambitious programme of domestic reform”, the Queen’s Speech confirmed today.
The Conservatives’ romp at last week’s national poll gives a great chance to make dramatic changes to boost people’s pensions, says Gregg McClymont.
After a tumultuous few weeks of campaigning, the Conservative party won their largest majority since Margaret Thatcher's 1987 victory in last night’s general election, while Labour is facing its worst defeat since 1935.