U.K. leaders call on pension funds to invest more at home
U.K. pension funds and other institutional investors should join other countries’ investors benefiting from British infrastructure and other long-term investments and rely less on the stock market, said Prime Minister Boris Johnson and Chancellor of the Exchequer Rishi Sunak in an open “challenge letter” Wednesday.
Pension’s reform at risk (pension planning)
Pensions freedom benefits are under threat as insurance companies are withdrawing from providing cover for financial advisers giving advice on retirement, it has been revealed. Under the pensions freedoms brought in by then Chancellor George Osbourne in 2015, it was made more attractive for people to transfer money out of defined benefit (DB) pension schemes (Pension planning).
‘Totally unfair’: What pensions industry makes of cut to money purchase annual allowance
Former pensions minister Steve Webb is among the key pensions industry figures to speak out against government plans to cut the money purchase annual allowance on defined contribution schemes (Pension Planning).
Don’t Be Scared BY Post-Brexit Investment Volatility: The Pensions Regulator (Pension Planning)
The Pensions Regulator has urged scheme trustees to “remain vigilant” to short-term market volatility, but keep an overall focus on the “longer term” in the wake of Britain’s vote to leave the EU (Pension Planning).