Good pensions news for gig workers

The Pensions Regulator (TPR) chief executive, Charles Counsell, has urged companies in the gig economy to proactively begin work on enrolling their employees into pension schemes, rather than dealing with the issue on a “case by case basis”. The comments, made as part...

Pensions are now an even better way to avoid inheritance tax

The Supreme Court has ruled that there should be no charge to inheritance tax on a transfer to an individual’s personal pension plan. The case was brought to the Supreme Court when Mrs Rachel Staveley who, before she passed away in 2006, transferred her pension fund...

Multi-jobbers miss out on pensions

People who hold more than one job are at risk of a poorer retirement due to missing out on employer pension contributions. Auto-enrolment was introduced in order to encourage people to save more in their pensions during their working years, due to concerns that we...

No cause for inflation alarm

The governor of the Bank of England on Thursday warned inflation was likely to be “a bit bumpy” this year but insisted there was little reason to panic over the medium term. His comments come shortly after the central bank upgraded its outlook for the U.K. economy....

Mortgage lending breaks new records

Mortgage lending is tracking the hyper-active sales market and in March hits the highest level since records began in April 1993, the Bank of England (BoE) has reported. Its latest Money and Credit report reveals that net mortgage borrowing hit £11.8 billion driven by...

Two in three retirees will run out of money

Two-thirds (66%) of those retiring in 2021 will exhaust their pension savings before they die, according to research by Standard Life Aberdeen. Lockdown and worries over the pandemic and job security have persuaded more people to accelerate their retirement plans...