The cost of public service pensions is forecast to grow by £3bn between 2020 and 2022, Budget documents have revealed.
According to the Autumn Budget supporting documents, the net public service pension payments expenditure for the Treasury is expected to rise by £3bn from £13.6bn in 2020 to 2021, to £16.6bn in 2022 to 2023
The industry has reacted to today’s Budget announcements with relief at pensions largely being left untouched, tinged with disappointment at the lost opportunity to address pensions tax relief and intergenerational fairness
The increase in the personal tax allowance to £11,850 from 6 April 2018 may encourage people to continue saving into a pension once auto-enrolment contribution rates rise in April, Aegon head of pensions Kate Smith has said
Just a few months into the job, Julian Mund is getting stuck into a new daily routine serving as the PLSA’s chief executive. Natalie Tuck speaks to him about the future of the association and his thoughts on some big industry topics
With the government pushing for the pooling of local government pension scheme investments, Natalie Tuck speaks to the Local Pensions Partnership about why it came into being, and how other funds can get involved
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