UK government commits to ‘unsustainable’ pension triple lock
Calls for system to be assessed to find a ‘fairer way’ to raise the state pension
Aegon
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Pension industry hopeful after rumours of tax allowances review
‘These need an urgent overhaul, particularly at a time of rampant inflation’
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Aegon shelves plan to sell off Asia insurance business
Firm was reportedly seeking to raise at least $700m
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Triple lock earnings component set at 5.5%
As industry awaits the September CPI figures to confirm next year’s state pension increase
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Aegon AM shifts Asia distribution focus to China
Existing clients will be supported by teams in Europe
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How will change in UK prime minister impact tax and pensions?
Triple lock and unfreezing thresholds could be on the agenda for Boris Johnson’s successor
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‘Extremely ambitious’ pensions dashboard timeline extended
But trustees and providers warned to ‘get data ready’
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UK Online Safety Bill delay frustrates advice industry
There are also calls for the legislation to be ‘abandoned entirely or stripped back’
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Boris Johnson to step down as UK prime minister
Following the resignation of around 60 ministers including Guy Opperman and Rishi Sunak
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Aegon bows out of Spanish insurance joint venture
Sale will deliver gross proceeds of €177m
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UK to revoke EU financial services laws
As it aims to establish a ‘coherent, agile and internationally-respected approach’ to regulation
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UK to give DC pensions greater access to illiquid assets
Government warned it will receive industry ‘backlash’ over the ‘controversial plans’