Treasury

The Treasury has ruled out any immediate changes to pensions tax relief, noting the “profound and far-reaching impacts” of an overhaul.

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.

Natwest will make a £500m one-off contribution into its main pension scheme after purchasing ordinary shares back from the Treasury.

The government will press ahead with plans to use the “largely untapped pool of capital” in defined contribution (DC) schemes to invest in venture capital and growth equity assets.

The government has opted to proceed with its “deferred choice underpin” (DCU) route for implementing a remedy to the McCloud judgment for public sector workers.

The Retail Prices Index (RPI) will be reformed and aligned with the housing cost-based version of the Consumer Prices Index, known as CPIH, by 2030, the Treasury has confirmed.

The government plans to cement the UK's position as a global centre for green finance have received a significant boost, with chancellor Rishi Sunak unveiling proposals to issue the country's first sovereign green bond next year and make climate risk...

The proposed changes from the McCloud judgment to Local Government Pension Scheme (LGPS) members could take more than two years to implement, according to the Pensions and Lifetime Savings Association (PLSA).

Richard Butcher says the past 25 years has been a mixed bag when it comes to pension reform but says more change is still needed to fix the system.

Pension contributions and class one employer National Insurance (NI) contributions remain payable by employers making use of the government’s coronavirus job support scheme.