Steven Cameron

The government has confirmed it has increased the National Insurance (NI) threshold from £8,632 to £9,500 from April.

The Bank of England’s decision to cut the base rate by 50 basis points (bps) will prove challenging for both pension schemes and retirees, the industry warns.

HM Treasury has confirmed that the government will hold its Budget on 11 March.

Private pension wealth has grown to £6.1trn in the last decade up from £3.6trn, Office for National Statistics (ONS) data shows.

The Conservative party will hold reviews of the tapered annual allowance and net-pay schemes if it is elected back into government, it has said.

The UK’s consumer prices index (CPI) has fallen to its lowest level since November 2016, according to the Office for National Statistics (ONS).

An individual who moves into self-employment after ten years work will miss out on an additional £115,300 in retirement funds after exiting their occupational pension scheme.

Simplified, one-page pension wake-up packs launched last week, but the industry does not agree that they will make much difference to members’ saving attitudes. Holly Roach reports

The lifetime allowance will rise to £1,073,000 from next April as inflation in the year to September stands at 1.7%.

Some 42% of pension savers think their funds will fall in value as a result of Brexit, with younger savers showing the most concern, according to Aegon.