3 h. ago Pensions report cuts Reeves’ planned growth funds from £160bn to £11bn

Chancellor had anticipated surpluses from final salary schemes would boost investment in UK economyPlans to invest £160bn of surplus funds from final salary pension schemes to boost the UK economy over the next 10 years have been dealt a blow by a Whitehall assessment that found there was likely to be little more than £11bn available to spend.In a knock to Rachel Reeves’s growth agenda, a report by civil servants at the Department for Work and Pensions (DWP) found that the expected surpluses in occupational schemes would be used by businesses to offload their pension liabilities to insurance companies. Continue reading...

Economics

3 d. ago What is the winter fuel payment? Rachel Reeves confirms more pensioners will qualify this year

Payments are made to help ease the burden of paying for heating bills

Economics

3 d. ago Rachel Reeves confirms more pensioners will get winter fuel payments

It comes as the pensions minister said there will be 'no U-turn' on one key winter fuel payment rule

Economics

3 d. ago Millions more pensioners to get winter fuel payments this year, Rachel Reeves confirms after major U

The Chancellor said the changes to winter fuel payments will come into force this year

Economics

3 d. ago No prospect of universal winter fuel payment, says pensions minister

Torsten Bell said he thinks most people agree ‘it’s not a good idea that we have a system paying a few hundreds of pounds to millionaires’.

Politics

6 d. ago The Government's looming Isa raid is even worse than you think, says our Money editor RACHEL RICKARD STRAUS. Here's why they're set to slash allowances

It is all but certain that Chancellor Rachel Reeves will slash the amount that we can put in cash Isas... and she has repeatedly refused to deny that she will.

Politics

6 d. ago Rachel Reeves is coming for your PENSION: How to avoid losing 87% of your savings to her inheritance tax raid

Have you saved wisely, invested well and built up a healthy pension - then beware.

Economics

6 d. ago Now Rachel Reeves is coming for your PENSION: the Chancellor wants to get her hands on up to 87% of your life savings with a vicious new tax raid

Have you saved wisely, invested well and built up a healthy pension - then beware.

Economics

9 d. ago What Rachel Reeves’ pensions revamp means for your retirement pot

There will be economic benefits to grouping pension pools together - but more risky investment opportunities do not provide future guarantees

Politics

9 d. ago Workers could see £6,000 boost to pension pots under Government plans

Chancellor Rachel Reeves said: ‘We’re making pensions work for Britain.’

Economics

1 week ago This incredible pension perk faces the chop in Rachel Reeves' latest stealth raid. Here's what you need to do NOW to boost your pot by thousands... before it's too late

The old adage 'if it's too good to be true, it probably is' almost always applies when it comes to money matters. But there is one exception.

Events

1 week ago Is Rachel Reeves planning a 'stealth' tax raid on pensions? HMRC explores shake

The Chancellor is under growing pressure to raise billions of pounds to fund extra spending commitments and rising borrowing costs ahead of her autumn Budget .

Economics