News

UK - The government has announced it will set up a new public Royal Mail pension scheme - the liabilities of which are to be met by the taxpayer.

UK - The annual allowance will be cut from £255,000 ($408,000) to £50,000; the lifetime allowance reduced from £1.8m to £1.5m, and the factor for valuing final salary benefits increased from 10 to 16, the Treasury has announced.

Here they are. The list of the key changes in the pensions tax regime following today's announcement.

The government has announced it will set up a new public Royal Mail pension scheme - the liabilities of which are to be met by the taxpayer.

UK - Non-executive directors need to take a more dynamic role in corporate governance, Legal & General Investment Management (LGIM) claims.

The UK Stewardship Code will increase collective engagement by pension funds and give institutional investors more oversight in the boardroom, say Legal & General Investment Management.

US - The 100 largest US public pension funds saw their assets rise 6.8% for the 12 months to June, the first fiscal-year gain since 2007, research shows.

The Pensions Advisory Service will not be scrapped as part of the government's cost cutting plan.

The Treasury has confirmed it will cut the annual allowance from £255,000 to £50,000; cut the lifetime limit from £1.8m to £1.5m; and increase the factor for valuing final salary benefits from 10 to 16. But how do you calculate any tax charge. Our step-by-step...

UK - Man Group has completed its $1.6bn purchase of GLG Partners, creating a diversified fund group running $63bn of assets.