State Pensions increase by 3.9%

23/03/2020

From 6 April 2020 the State Pension will rise by 3.9%. Also, find out how the increase is calculated and what else is changing.

An important update from the Trustee of the Nationwide Pension Fund

19/02/2020

Following on from the Trustee announcement on 18 September 2019, about Nationwide’s proposal for changes to the pension arrangements for employees who are Active members of the Nationwide Pension Fund (NPF).

Equitable Life Update

23/12/2019

In 2018, Equitable Life announced its intention to transfer With Profits policies to Utmost Life and Pensions. The proposal was subject to policyholder, regulatory and Court approvals, and final approval was confirmed on 4 December 2019.

Pensions boosted under proposed living wage

13/12/2019

​Increasing the national living wage to an hourly rate of £10.50 would result in a pension boost of £333, according to calculations from Quilter (a leading provider of advice, investments and wealth management, both in the UK and Internationally).

Over 60s miss out on thousands of pounds of pension savings

12/11/2019

Savers over the age of 60 are throwing away up to £1.75bn in pension contributions by opting out of their workplace schemes, according to figures from Royal London.

An important announcement from the Trustee of the Nationwide Pension Fund

18/09/2019

Nationwide is proposing some important changes to the pension arrangements for current Active members of the Nationwide Pension Fund.

Work and Pensions Minister Amber Rudd remains in post

01/08/2019

Whilst Mr Johnson’s appointments will see a number of Government Departments with a new ministerial lead, The Department of Work and Pensions is one of the few where the status quo remains, with Amber Rudd remaining as Minister for Work and Pensions.

What lies ahead for pensions in 2019?

14/01/2019

A look at what might be coming up this year that could affect you and your pension. Including an announcement about the Pensions Dashboard and the rise in the State Pension.

Massive increase in pension tax charges from those exceeding the Annual and Lifetime Allowances

29/11/2018

Figures published by Her Majesty’s Revenue & Customs (HMRC) show that the amount of money paid in pension tax charges by people who exceeded the Annual or Lifetime Allowances have significantly increased.

Guaranteed Minimum Pension (GMP) Equalisation

06/11/2018

On 26 October 2018, the High Court ruled in the Lloyds Banking Group case, that the GMP benefits for men and women under the relevant Lloyds‘ schemes should be equalised for benefits built-up between 17 May 1990 and 6 April 1997.