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...
Hunt will announce an increase to the National Living Wage of more than £1,800 ($2,253.78) per year for a full-time worker, and extend the threshold to cover 21-year-olds for the first time. The increase of almost 10% will take hourly pay to £11.44 an hour, while National Min...
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> 18 November, 2024 Aon says investment planning is crucial to successful pension risk settlement...
“The basic rate of universal credit is so insufficient it fails to protect families from hardship, and this increase will barely touch the sides.” The UK state pension is governed by the “triple lock” policy, which guarantees that pensions will rise annually by ...
LONDON (Reuters) -Britain is not planning to ditch its promise to protect annual state pension increases with a so-called 'triple lock', Prime Minister Boris Johnson's spokesman said on Monday. British newspapers have reported that the government was looking at suspending the promise t...
Funeral costs have risen in 2024. According to our survey: The average cost for a funeral in the UK in 2024 was £4,706 - a 5.75% increase from 2023. This figure is an average of both cremation and burial costs. The average cost of cremation in 2024 was £4,431 - a 6.1% annu...
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,...
December 23 2024 UK GDP UK economy unexpectedly failed to grow in third quarter Figures are a further blow to government facing criticism from businesses after Budget News in-depthPublic sector pensions The simple secret behind the UK’s best performing council pension fund ...
December 5 2024 UK economy UK businesses expect lower margins and higher prices after Budget Survey finds 54% of companies plan to raise prices in 2025 after national insurance increase November 29 2024 UK government spending Reeves pushes back multiyear UK spending review until June ...
Between May 2026 and March 2028, the current pension age in the UK, which is 66, is anticipated to increase to 67, and is projected to rise to 68 by 2044. A report from the International Longevity Centre, titled State Pension Age and Demographic Change, indicates that with a high rate ...