News

Here it is. Our list of what happened on the pensions front in the 2011 Budget.

Employee benefit consultants will face a variety of problems if the government merges income tax and National Insurance, experts say.

The Debt Management Office will increase its issuance of index-linked gilts by £4.6bn but reduce long-term issues this fiscal year, the Treasury has announced.

The government has hinted at cutting employer tax relief on asset-backed contributions to defined benefit pension schemes.

Today's Budget announced contracting-out for defined benefit schemes would be scrapped as part of the move to a single tier state pension.

The abolition of contracting-out for defined benefit schemes will lead to more employers closing these schemes to existing members.

SWITZERLAND - Swiss & Global Asset Management and Swiss Hedge Capital have launched the first single manager hedge fund to be regulated by the Swiss Financial Market Supervisory Authority (FINMA).

Global institutional investors have welcomed Chancellor George Osborne's confirmation that £3bn will be provided to fund a Green Investment Bank in today's Budget.

The planned £50,000 annual allowance for tax free pension contributions has been confirmed in Budget documentation.

The government has decided the appropriate discount rate for calculating unfunded public sector pension contribution rates should be based on the long term expectation of Gross Domestic Product growth.