Philip Hammond
Chancellor Javid resigns weeks before Budget
Chancellor of the Exchequer Sajid Javid has resigned just under a month before he was expected to deliver the first Budget of this parliament, making him the shortest-serving Chancellor for more than 50 years.
Boris Johnson vows to fix NHS pension tax issue if he wins leadership race
Conservative leadership contender Boris Johnson has promised to fix the pension tax relief rules that are causing senior doctors and highly-paid staff in the NHS to work fewer hours leading to longer waiting lists.
BMA tells chancellor to reform tax relief rules or face reduction in NHS working hours
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
Five stories you may have missed this week
This week's top stories included warnings that defined benefit (DB) transfers could become more difficult for trustees to process after regulatory register changes.
Spring Statement lacks pensions policies but reduces index-linked gilt issuance
Philip Hammond's Spring Statement was empty of any direct pension news as the Treasury sought to avoid major policy announcements.
Spring Statement: OBR revises down 2019 growth forecast as Hammond eyes Brexit 'deal dividend'
UK gross domestic product (GDP) is set to grow by 1.2% in 2019, less than the 1.3% forecast in the 2018 Autumn Budget, but the economy will expand over the each of the next five year's, Chancellor Philip Hammond said in today's Spring Statement.
AE, net pay and the pensions dashboard - a Spring Statement wishlist
The Spring Statement is likely to be overshadowed by Brexit but there is still much to do in pensions. Kim Kaveh and Holly Roach take a look at the industry's wishlist.
Health secretary pushes chancellor for NHS pension tax reform
Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.
Eight Budget announcements for the pensions industry to note
Philip Hammond's 2018 Budget speech was entirely devoid of any mention of pensions, but the documents do include some things for the industry to take note of. Professional Pensions rounds up the eight key Budget plans and shortcomings.
Chancellor ignores net-pay pensions tax relief anomaly; Branded 'missed opportunity'
Philip Hammond has failed to address the net-pay anomaly affecting lower-paid earners who are missing out on tax-relief on their pension contributions in today's Autumn Budget.
Budget 2018: FCA to consult on pooling DC funds into patient capital; DWP to consult on charge cap
The Financial Conduct Authority (FCA) will launch a consultation on updating the permitted links framework to allow unit-linked pension funds to invest in an appropriate range of so-called 'patient capital' assets.
Budget: Public sector schemes to move to CPIH 'when and where practicable'
The government will gradually adopt a version of the Consumer Prices Index (CPI) which incorporates housing costs for pension funds and index-linked gilts, it confirmed today.
Hammond to unveil study on pooling DC funds into patient capital - reports
Chancellor of the Exchequer Philip Hammond is expected to use next Monday's Budget to launch a feasibility study into the use of pensions to fund UK patient capital opportunities.
PLSA urges Hammond to address five pensions priorities in Budget
The government needs to boost pension schemes' access to illiquid investments, remedy the net-pay tax relief anomaly, and focus on securing a "successful Brexit" for pensions in its upcoming Budget, says the Pensions and Lifetime Savings Association (PLSA)....
Five stories you may have missed this week
This week's top stories include Smart Pension and Legal & General revealing a prototype demo of their workplace retirement income product, combining drawdown and annuities.
Pensions tax relief faces cut as government seeks funding for NHS
Chancellor Philip Hammond is set to announce cuts to pensions tax relief in his Budget later this month in order to raise revenue to pay for NHS funding commitments, according to reports.
Govt urged to take action on net pay anomaly as experts sign letter to chancellor
Industry heavyweights have urged chancellor Philip Hammond to take action on the net pay pensions tax relief anomaly which affects lower-paid earners.
Trustees should be proactive on DB transfers, says industry
Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.
Five stories you may have missed this week
This week's top stories included The Insolvency Service disqualifying four trustee directors who were found to have mismanaged members' pension funds.
Treasury confirms Budget date; Radical tax relief reform 'more likely'
Chancellor of the Exchequer Philip Hammond has confirmed he will deliver the government's annual budget on 29 October.
Hammond open to RPI reform but up to 'ONS to initiate'
Chancellor Philip Hammond has said he would be happy to hear about reforming the retail prices index (RPI) as long as the Office of National Statistics (ONS) initiates discussions.
USS members should bear most cost of higher contributions, say respondents
Universities Superannuation Scheme (USS) members should be responsible for most of the cost of increased contributions if the scheme's defined benefit (DB) section remains open to accrual, Pensions Buzz respondents say.
Five stories you may have missed this week
This week's top stories included coverage of the ongoing Universities Superannuation Scheme (USS) saga, where members rejected a negotiated deal between their union and the employers.
Spring Statement empty but economic projections good news for contributions
Philip Hammond's financial update was empty of any direct pensions impacts as the chancellor sought to trim down the fiscal statement.
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