Budget 2018

Philip Hammond's 2018 Budget speech was entirely devoid of any mention of pensions, but the documents do include some things for the industry to take note of. Professional Pensions rounds up the eight key Budget plans and shortcomings.

The government and the Financial Conduct Authority (FCA) are "keeping under review" suggestions the regulator should update its rules on regulated firms buying leads obtained by cold-calling.

The chancellor announced today that the government will stop using the current model of private finance initiative (PFI) to fund the future building of infrastructure in response to concerns.

The government will gradually adopt a version of the Consumer Prices Index (CPI) which incorporates housing costs for pension funds and index-linked gilts, it confirmed today.

The Department for Work and Pensions (DWP) will consult on the detailed design for the pensions dashboard later this year and the project will include the state pension, it has been confirmed.

The government needs to boost pension schemes' access to illiquid investments, remedy the net-pay tax relief anomaly, and focus on securing a "successful Brexit" for pensions in its upcoming Budget, says the Pensions and Lifetime Savings Association (PLSA)....

Chancellor Philip Hammond is set to announce cuts to pensions tax relief in his Budget later this month in order to raise revenue to pay for NHS funding commitments, according to reports.

Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.

This week's top stories included The Insolvency Service disqualifying four trustee directors who were found to have mismanaged members' pension funds.

Chancellor of the Exchequer Philip Hammond has confirmed he will deliver the government's annual budget on 29 October.