News

Pension allowance reform praised by industry but cost and impact of measures questioned

Chancellor says package of measures will be unveiled in the autumn

Chancellor announces 12 new investment zones and £400m for new partnerships

The government will consult on the transfer of all listed LGPS assets to pools by March 2025

LTA abolished, AA rises to £60,000 and both MPAA and MTAA increased to £10,000

Some fear the government could alter inheritance tax rules or hike the minimum pensions age to 60

Delay largely expected by most, but industry warns of continuous push backs

LTA, AA and MPAA reforms, and investment in UK growth assets

Individual trustees who breach ERI restrictions can be fined up to £5,000 or jailed

Hymans Robertson advises trustees to closely analyse insurers’ specific climate targets