UK’s pension wealth is being ‘squandered’, Phoenix boss warns February 4, 2025 The UK’s pension wealth is being “squandered” due to the fragmentation of the market and a lack of risk taking among money managers, the investment chief of Phoenix has warned. Writing in CityAM today, Mike Eakins, chief investment officer of the FTSE 100 pensions giant, said the UK was an “outlier” compared to similar [...]
Over-complicated pensions are wasting UK growth potential February 4, 2025 The UK pension industry has the potential to significantly influence economic growth - so let's do it, says Phoenix Group's Mike Eakins.
Kemi Badenoch: Tories could means test state pension triple-lock January 17, 2025 Kemi Badenoch has said the Conservatives could look at means testing the state pension triple-lock, in what would be a major policy shift. The Tory Party leader was asked during a phone-in on LBC Radio whether she would “look at” the triple-lock on the state pension, which sees the welfare benefit rise each year by [...]
Questions grow over triple-lock as number of people on state pension climbs by 220,000 November 29, 2024 According to data from DWP, 12.9m people were receiving the benefit in May 2024, a 1.7 per cent increase on the previous year.
Budget pension consolidation raises ‘serious concerns’ for UK small firms November 26, 2024 Fund managers that invest in UK small companies have “serious concerns” that plans to consolidate pension schemes might lead to even more money flowing out of British businesses. The plan, announced at Chancellor Rachel Reeves’ inaugural Mansion House speech earlier this month, would combine 86 different local government pension schemes manage assets between £300m and [...]
The self-employed are natural entrepreneurs. So why is our government ignoring them? November 26, 2024 Supporting the self-employed could help unleash a needed wave of entrepreneurialism. So why are the government not acting?
Pension funds may still be forced to back Britain, minister warns November 18, 2024 Pension funds could still be forced to invest in Britain if they do not voluntarily boost their allocation to UK stocks and infrastructure projects, the pension minister has suggested. Ministers have been pushing the UK’s £1.3 trillion defined contribution and local government pension system to lift its investment in UK assets since coming to power [...]
How Rachel Reeves plans to use pension pots to fund an investment boom November 14, 2024 The Chancellor Rachel Reeves is set to lay out one of the most significant shake-ups of the pension system in decades today after years of calls from the City to lean on the sector to fund an investment boom. Currently, 86 different local government pension schemes manage assets between £300m and £30bn, with local government [...]
Reeves eyes £80bn investment with pension ‘megafunds’ November 14, 2024 The Chancellor Rachel Reeves will unveil plans to consolidate the UK’s sprawling £400bn local authority pension schemes today in a bid to unlock a wave of investment into the UK. In her first Mansion House speech in the City, Reeves is expected to announce a new Pension Schemes Bill to be introduced next year, aiming [...]
Reeves to lay out pensions overhaul in Mansion House speech November 3, 2024 Rachel Reeves will reportedly propose an overhaul of Britain's pension fund industry in her first Mansion House speech as the government tries to unlock billions of pounds worth of investment.