an extension to the pension funds clearing exemption; progress on legislation for pensions tax changes; the Government's confirmation of a state pension age increase to 68 by 2046; the commitment of the UK and the US to establish a US-UK data bridge; and recent Government announcements regardin...
‘We estimate that in the long run a one percentage point rise in the corporation tax rate would increase the leverage ratio of private companies by around 1 percentage point (our central estimates range from 0.76 to 1.40, depending on the instruments used). This result suggest...
25 November, 2024 Aon outlines its “hopes and fears” for UK pensions in 2025> 21 November, 2024 Aon says liquid alternatives can increase UK pension schemes’ resilience in choppy markets> 19 November, 2024 Aon says all multi-employer CDC scheme members deserve the same protections> ...
Another significant change that has been implemented is the increase in the pensions annual allowance. If you have anuncrystallised pension fund,the maximum you can save into it in any tax year has been increased from £20,000 to £60,000. The annual tapered allowance has also been increa...
There were a number of announcements in respect of changes to pension limits, which apply equally to Scottish taxpayers. The main changes which will apply with effect from April 2023: the annual allowance is to increase from £40,000 to £60,000. This is the maximum amount of pension ...
Additionally, a higher stringency index is also associated with an increase in pension liberation fraud and other fraud (none of the above), with each unit increase in the stringency index leading to increases of 45 and 26% in these two types of fraud, respectively. Given that different types...
Market Size (2023) GBP216.3 billion ($267.2 billion) CAGR (2024-2028) >2% Forecast Period 2024-2028 Historical Period 2019-2023 Key Lines of Business · General Annuity · Endowment · Term Life · Pension · Life PA&H Key Distribution Channels · Direct Marketing · Agencies · Others Leadin...
What’s more,research looking into life expectancy and birth rates suggeststhat the UK state pension age will need to increase to 71 by 2050, meaning UK residents will need to retire even later in life. To better understand the effect of these challenges on retirement and life savings plans,...
LTAFs, which were first introduced in 2021, are authorised open-ended funds that allow UK retail investors to access long-term illiquid assets. The FCA expanded the range of retail investors and pension schemes eligible to invest in LTAFs in 2023. However, in its consultation, the FCA cites...
How will my pension be increased? Pensions in payment are reviewed on 1 April every year. Proportionate increases are given in the first year of payment to anyone whose pension started after 6 April. Your pension will increase in line with the rise in the Retail Price Index (RPI) to ...