In the 2015 Summer Budget, the government announced yet another reduction to the tax relief available on pension savings, this time targeting individuals earning more than £150,000 per year. Proposed changes to the Lifetime Allowance, announced in the March Budget, were also confirmed.
Workplace savers are getting much-needed help from a Money and Pensions Service-inspired coalition of employers, policymakers and industry stakeholders intent on tackling a persistent problem.
Rising ill-health, disrupted career patterns, and growing caring responsibilities are reshaping pension adequacy. This roundtable report, published in partnership with Aviva, captures firsthand expertise and provides a diverse range of practical strategies, actions and insights that employers are implementing.
The report finds that UK pension schemes have the appetite to invest in the UK, but the system is not consistently providing investable opportunities at scale.
The cost of living and key life events are having a disproportionate impact on women’s finances. Here’s what employers can do to help boost women’s financial wellbeing – whatever life moments they’re facing.
