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EU pensions regulation is ‘a threat to auto-enrolment’

European-wide pensions regulation could damage the progress of auto-enrolment and stifle market innovation, UK bodies have warned. The European Commission launched a consultation in April on consumer protection in personal pensions. The consultation paper aims to assess the need for action on personal pension schemes at an EU level and collect views on whether self-regulatory […]


Partnership posts £83m profit despite care sales slump

Partnership has reported a 24 per cent increase in pre-tax profit from £67m to £83m, despite a dip in retirement annuity business and a 30 per cent fall in care annuity sales. The enhanced annuity specialist admits trading conditions have been challenging but says pricing discipline and being selective about risks boosted new business profitability […]


UK faces ‘crippling’ tax rises to fund pension and care costs

The UK faces “crippling” tax rises to fund future pension and social care contributions, the Institute of Economic Affairs warns. A report by the thinktank, published last week, claims total spending would need to be cut by a quarter, or health and social care expenditure by 50 per cent, to avoid future tax increases. The […]


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