Oct 23, 2023 | Savings
A recent Pensions and Lifetime Savings Association (PLSA) study has revealed that the majority of employees support its proposed pension reforms. According to the PLSA, these reforms could help bolster retirement security and ensure savers enjoy adequate living...
Jul 11, 2023 | Savings
Chancellor Jeremy Hunt has announced a series of pension reforms that he said could increase the size of the average earner's pension pot by £1,000 a year in retirement. Hunt made the announcement on Monday night to unveil the ‘Mansion House Reforms', which aim to...
Apr 21, 2023 | Savings
The Institute of Fiscal Studies (IFS) launched a new review into pensions in the UK on Thursday (20 April). Without Government intervention, the IFS says that future generations of pensioners could face "substantial financial difficulties" and poorer living standards...
Nov 10, 2022 | Savings
Nearly one in four people between the ages of 40 and 75 do not have a private pension, according to the Department for Work and Pensions (DWP). The planning and preparing for later life survey (PPLL) found that, while most respondents had started saving for...
Aug 26, 2022 | Savings
The Low Incomes Tax Reforms Group (LITRG) is urging trustees to register with HMRC by 1 September to avoid risking a £5,000 penalty. Initially, only trusts which owed tax were required to register with the Trust Registration Service (TRS), but the scope of the TRS has...
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