Below you'll find a list of all posts that have been tagged as “Pensions”
Dr Suzy Morrissey has been appointed by DWP to prepare an independent report ahead of the review. The government has today launched the third review of state pension age. First announced in July, the review will consider whether the rules around pensionable age are appropriate, based on the latest life expectancy data and other evidence. The government is set to …
Unused pension funds will fall under IHT scope from April 2027 The government is ploughing on with its plans to bring unused pension funds into the realm of inheritance tax (IHT) despite a “deluge of criticism” from industry practitioners during a consultation phase during which they put forward alternative options. The Treasury has today (22 July) released draft legislation to bring undrawn …
The measure will bring unused pension funds and death benefits into the scope of inheritance tax from April 2027. The government has confirmed that it will bring most unused pension funds and death benefits into scope of inheritance tax from 6 April 2027, despite growing concerns from the pensions industry. First announced during the 2024 Autumn Budget, the draft legislation means that …
As it stands, from April 2026 people could pay tax on the state pension alone Further inflation-busting state pension rise would feed affordability debate Mike Ambery, Retirement Savings Director at Standard Life, part of Phoenix Group said: “This April the full new state pension will rise to £11,973 per year, 95% of the personal allowance – a welcome boost for …
The provider exited the annuity market in 2017 but is now selling a fixed-term product to advisers. M&G has re-entered the annuity market eight years after it stopped selling the retirement products, Citywire can reveal. The provider is launching a fixed-term annuity term product (between five to 15 years) for advisers’ clients, with a minimum lump-sum investment of £10,000. The launch …
Market forces combine to create an attractive environment for annuity sales. Annuity sales have reached a 10-year high and rose 24% from 2023 to 2024. Research from the Association of British Insurers shows that 89,600 pension annuity contracts were sold last year, representing a 24% increase on 2023. The total value of those sales, £7bn, also jumped from the year …
