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This week, the new Chancellor Rachel Reeves initiated a significant review of pensions aimed at boosting investment, enlarging pension pots, and reducing waste in the pension system.   The review will be conducted in two stages, focusing on: 1. Consolidating schemes and promoting more diverse investment strategies 2. Enhancing pension outcomes and increasing investments in UK markets In last week's King’s Speech, the government introduced the Pension Schemes Bill. The bill includes measures such as scrutinizing poorly performing default funds under the value-for-money framework, consolidating small pension pots, and requiring occupational pension schemes to offer retirement income solutions to members.   Do you have questions on what these changes might mean for your pension pot? We're here to help! Contact us for personalised financial advice. https://lnkd.in/eCAXvVYA #pension #pensionscheme #investment

This week, the new Chancellor Rachel Reeves initiated a significant review of pensions aimed at boosting investment, enlarging pension pots, and reducing waste in the pension system.   The review will be conducted in two stages, focusing on: 1. Consolidating schemes and promoting more diverse investment strategies 2. Enhancing pension outcomes and increasing investments in UK markets In last week's King’s Speech, the government introduced the Pension Schemes Bill. The bill includes measures such as scrutinizing poorly performing default funds under the value-for-money framework, consolidating small pension pots, and requiring occupational pension schemes to offer retirement income solutions to members.   Do you have questions on what these changes might mean for your pension pot? We're here to help! Contact us for personalised financial advice. https://lnkd.in/eCAXvVYA #pension #pensionscheme #investment

Value of lost pension pots hits £31.1bn https://lnkd.in/dsRCGRXC The value of lost pension pots in the UK has risen by 60 per cent, or £12bn, since 2018, with around £31.1bn lying in unclaimed, inactive, or lost pension pots, research from the Pensions Policy Institute (PPI), sponsored by the Pension Attention campaign, has found. Published ahead of National Pension Tracing Day, the analysis showed that many savers across the UK are in danger of missing out on large sums of money, with almost 3.3 million pots currently unclaimed. The report argued that these lost pensions, which are now worth an average of £9,470 – rising to £13,620 amongst the aged 55–75 cohort – could make a real difference to people’s retirement if they were reunited with their owners. Click the above link for details. #FinancialPlanning

Our spring edition of our quarterly UK Pensions Agenda is now available: https://lnkd.in/dCsjDpSK In this edition, we summarise key issues affecting UK pension schemes and their sponsors, including updates on: 🔹 the abolition of the lifetime allowance 🔹 complying with the General Code 🔹 pension dashboards connection dates, and 🔹 new decumulation duties for DC schemes.

Keep pace with all that is happening in the world of #pensions with our latest UK Pensions Agenda covering: - LTA abolition - General Code - DB funding and future options - DC decumulations duties #DB #DC #trustees #legalupdate #retirement

Value of lost pension pots hits £31.1bn https://lnkd.in/ddJMzYNu The value of lost pension pots in the UK has risen by 60 per cent, or £12bn, since 2018, with around £31.1bn lying in unclaimed, inactive, or lost pension pots, research from the Pensions Policy Institute (PPI), sponsored by the Pension Attention campaign, has found. Published ahead of National Pension Tracing Day, the analysis showed that many savers across the UK are in danger of missing out on large sums of money, with almost 3.3 million pots currently unclaimed. The report argued that these lost pensions, which are now worth an average of £9,470 – rising to £13,620 amongst the aged 55–75 cohort – could make a real difference to people’s retirement if they were reunited with their owners. Click the above link for details. #FinancialPlanning

Our spring edition of our quarterly UK Pensions Agenda is now available: https://lnkd.in/dHaEHSSm In this edition, we summarise key issues affecting UK pension schemes and their sponsors, including updates on: 🔹 the abolition of the lifetime allowance 🔹 complying with the General Code 🔹 pension dashboards connection dates, and 🔹 new decumulation duties for DC schemes.

Our spring edition of our quarterly UK Pensions Agenda is now available: https://lnkd.in/dHaEHSSm In this edition, we summarise key issues affecting UK pension schemes and their sponsors, including updates on: 🔹 the abolition of the lifetime allowance 🔹 complying with the General Code 🔹 pension dashboards connection dates, and 🔹 new decumulation duties for DC schemes.

Our spring edition of our quarterly UK Pensions Agenda is now available: https://lnkd.in/dHaEHSSm In this edition, we summarise key issues affecting UK pension schemes and their sponsors, including updates on: 🔹 the abolition of the lifetime allowance 🔹 complying with the General Code 🔹 pension dashboards connection dates, and 🔹 new decumulation duties for DC schemes.

Our spring edition of our quarterly UK Pensions Agenda is now available: https://lnkd.in/dHaEHSSm In this edition, we summarise key issues affecting UK pension schemes and their sponsors, including updates on: 🔹 the abolition of the lifetime allowance 🔹 complying with the General Code 🔹 pension dashboards connection dates, and 🔹 new decumulation duties for DC schemes.