What the new IHT rules may mean for SIPP and SSAS clients

In the 2024 Autumn Budget, the Chancellor announced that unused pension savings and some death benefits would no longer be exempt from inheritance tax (IHT) from 6 April 2027. This change has significant implications for many SIPP and SSAS clients, particularly those who have considered pension assets as part of wider estate planning. What has changed since the Budget announcement? Finance Act 2026 states that liability for any IHT ultimately payable will fall on the deceased’s personal representatives.

Governments evolving role in catastrophe insurance systems

As climate risk shifts, insurability is moving from a market problem to a systems problem. Catastrophe losses are rising, but the deeper challenge for insurance markets is increasing uncertainty about future risk. As climate conditions and exposure patterns shift, historical loss experience becomes a weaker guide for pricing and capital allocation, leading to higher premiums, tighter capacity, and a widening protection gap. 62% of global natural-catastrophe losses (US$280bn) were uninsured in 2023, highlighting growing protection gaps as renewals tighten and insurers withdraw from high-risk regions.

US-Israel-Iran conflict: environmental implications

Late February’s joint US-Israeli strikes triggered an immediate Iranian response. Prompted by a series of provocations and retaliatory actions in the region, diplomatic channels have become strained between the powers involved. The United Nations has urged dialogue but is struggling to mediate amid stalling peace talks. The fallout is already spreading through energy and food systems, supply chains and carbon emissions, with consequences that reach far beyond the region.

Pensions Perspectives: It’s an actuarial valuation special

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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