As the popularity of annuity products continue to grow, experts at Quantum Advisory, the leading pensions and employee benefits consultancy for small and medium sized schemes and employers, have called for further development of annuities that better reflect retirement needs. Posted on Wednesday Aug 27
Aviva has announced the successful completion of a £134 million bulk purchase annuity (BPA) buy-in transaction with the Quest UK Pension Scheme. Posted on Wednesday Aug 27
Consumers are being warned of fraudsters impersonating the Financial Conduct Authority (FCA), as the regulator revealed it has received almost 5,000 fake FCA scam reports in the first half of 2025. Posted on Wednesday Aug 27
President Trump has announced his intention to remove of Fed governor Lisa Cook. This is a further challenge to Fed independence. A falling dollar and rising bond yields are the market consequences Posted on Tuesday Aug 26
The Financial Conduct Authority (FCA) has approved the London Stock Exchange to operate a PISCES platform, a new type of private stock market. Posted on Tuesday Aug 26
Gifts from surplus income immediately free of IHT with no seven-year wait. No upper limit - allows wealthy to gift significant amounts free of IHT. Chancellor could tighten the rules in the budget Posted on Tuesday Aug 26
Just Group has completed a full scheme £11m pension buy-in with John Cotton (Mirfield) Limited Retirement Benefits Scheme (“the Scheme”), sponsored by John Cotton Group Limited (“the Sponsor”). Posted on Tuesday Aug 26
‘Mansion tax’ rumours at the moment include getting rid of the capital gains tax exemption for the home you live in – for more expensive homes. The Treasury is also said to be looking at the idea of a sales tax on homes worth over a specific amount – replacing stamp duty – although the initial threshold included in speculation of £500,000 has been denied. It is also thought to be looking at a replacement to council tax over the longer term, considering think tank proposals of charging a percentage of the property value annually – with a cap and a minimum of £800. Posted on Monday Aug 25
£60m invested directly by the PPF’s in-house investment team. Reinforces the PPF’s role as a long-term, responsible investor in the UK economy. Underlines PPF’s growing capability to deliver complex transactions in-house. Nearly half of the PPF’s £31bn of assets under management are invested in the UK. The project strengthens long-term water resilience for 2.5 million people. Posted on Friday Aug 22
High earners could face paying more than £7,000 in extra income tax if the Chancellor, in the upcoming Budget, extends the current freeze on tax thresholds until 2030, according to new analysis from Rathbones Group. Posted on Thursday Aug 21
The Chancellor has collected £732 million in Capital Gains Tax (CGT) through the first four months of 2025/26, a rise of 11% or £75 million in comparison with the same period in the previous financial year (£657 million). CGT receipts are estimated to hit £25.5 billion a year by 2029/30 – nearly twice current levels Posted on Thursday Aug 21
Just Group and Hargreaves Lansdown comment on HMRC update showing that Inheritance Tax (IHT) receipts totalled £3.06 billion through the first four months (April-July) of the 2025/26 financial year. The figure represents an increase of £229 million, or 8%, compared to the same period last year when £2.83 billion was collected in April–July 2024/25. That signalled the start of a fourth consecutive record-breaking year of IHT with £8.2 billion collected through the 2024/25 financial year. The OBR’s most recent forecast, published at the Spring Statement, projects yet another record year in the pipeline. IHT is predicted to generate £9.1 billion for the Treasury in 2025/26 and more than £14 billion by 2029/30. Posted on Thursday Aug 21
Aviva has announced the successful completion of a £700 million bulk purchase annuity (BPA) buy-in transaction with the ABB Plan, in the UK. Posted on Wednesday Aug 20
Treasury could move on tax-free lump sum, tax relief, salary sacrifice or Annual Allowance in hunt for savings. Wealth manager Evelyn Partners’ retirement and pensions specialist on what earners, savers, retirees, and the Chancellor, need to consider Posted on Tuesday Aug 19
While stablecoins offer efficiency and innovation in the financial system, they pose both opportunities and risk for banks, potentially disrupting deposit bases, payment fees, and traditional lending. Posted on Tuesday Aug 19
New calculations from Quilter show that a working-age single homeowner in England with an average-priced home (£290,395) and a moderate pension pot (£415,000) would face an inheritance tax (IHT) bill of £82,158 from 2027 following changes announced in the Budget - even if they die before reaching pension age. Posted on Monday Aug 18
HL client data shows that in the first six months of 2025 the average fund used to purchase an annuity was £162,729. This is up from £62,301 in the first six months of 2021. This indicates a wider range of people are taking advantage of the good value annuity rates available right now. 2024 was the best year for annuities since before Freedom and Choice was introduced. 2025 looks set to build on this. The most recent data from the HL annuity comparison service shows a 65-year-old with a £100,000 pension can get up to £7,793 per year with a single life level annuity with a five-year guarantee. Posted on Monday Aug 18
FTSE 100 looks set for a positive start after fresh records were breached in Asia. Nikkei hits a high helped by greater clarity over tariffs and the weaker yen. Talks between Trump and Zelensky are in focus amid hopes for a peace deal. Jackson Hole central bankers’ meeting eyed for clues on US interest rates. UK inflation due out this week and there could be an Oasis bump to prices. Posted on Monday Aug 18
ONS data finds that fears around the cost-of-living continues to be front of mind for households across the UK. The survey found that in July 2025, the most reported important issues facing the UK today were the cost of living (85%), the NHS (81%), and the economy (67%). Posted on Friday Aug 15
New research from Shepherds Friendly has uncovered insights into the generations least confident in investing, revealing that it’s not the youngest adults, but those nearing or in retirement who are the least likely to invest. Posted on Friday Aug 15
Aon plc (NYSE: AON), a leading global professional services firm, has advised the Misys Retirement Benefits Plan on a £25 million buy-in with Legal & General (L&G). The transaction, which covers around 190 deferred and pensioner members, builds on a previous buy-in completed with L&G in 2012 that covered approximately £23 million of pensioner liabilities. This latest transaction means all members of the plan are now insured with L&G. Posted on Thursday Aug 14
Yesterday evening, reports in The Guardian suggested that the Government officials are looking at reforms to the IHT regime to raise more money at the upcoming Autumn Budget. The options discussed included tightening rules that allow people to give away assets before they die such as a lifetime cap on money that can be given away, or adjustments to the rate at which inheritance tax liability tapers in the seven years between a gift and death. Posted on Wednesday Aug 13
Just Group has completed a £23m full scheme pension buy-in with the ROM Group Pension & Life Assurance Scheme (“the Scheme”). The Scheme is sponsored by ROM Limited (“the Sponsor”), one of the UK’s leading specialist reinforcement manufacturers within the construction industry and was established over 90 years ago. Posted on Wednesday Aug 13
US Annual inflation remained at 2.7% in July, versus market expectations of 2.8%. US MoM inflation fell to 0.2% in July, from 0.3% in June, in line with market expectations of 0.2%. Annual core inflation (excl. energy and food) rose to 3.1% in July up from at 2.9% in June. MoM core inflation rose to 0.3% in July up from 0.2% in June. Posted on Tuesday Aug 12
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