Budget Guide 2016

MM budget guide

Download the Budget Guide 2016 here.

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Pension dashboard 2019 deadline ‘unattainable’

The Government’s 2019 deadline for the pensions industry to develop a dashboard will not be achieved unless closed-book providers are forced to comply, experts are warning. In this week’s Budget the Treasury said it will “ensure the industry designs, funds and launches a pensions dashboard by 2019”. However, there are fears that without intervention, closed-book […]

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NHS scraps controversial cash-for-pension offer

An NHS trust has closed a deal it offered new nurses to opt out of the generous NHS scheme in favour of a higher salary. The Oxleas Foundation Trust in south east London was offering newly-qualified ‘band 5’ nurses the choice of being paid money that would go into the scheme. It was understood staff […]

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Investors pull £400m from funds in volatile February

Fund managers continued to feel the pain in February as cautious investors withdrew cash from retail funds. Net retail outflows hit £399m in February, the latest Investment Association data shows. In January UK funds suffered net outflows of £437m – the largest figure since the 2008 financial crisis. Targeted absolute return was the top-selling IA […]

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Locked out: Does Govt dare back IDS and strip away pensioner benefits?

Politicians are unlikely to revisit mechanisms to hike state pension payments, despite two former ministers, including the architect of the policy, suggesting the current plans are unsustainable in the long-term. Following his dramatic resignation as Work and Pensions Secretary last week, Iain Duncan Smith highlighted the triple-lock – which links state pension increases to the […]

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