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Pension schemes are growing more apprehensive about the pension dashboard rollout. Once introduced, dashboards will help users keep track of all their pension savings, including their State Pension.
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A recent poll conducted by XPS Group found that more than half (56%) of pension scheme representatives think the new Labour Government should consider introducing tax incentives to boost investment into the UK.
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On 30 April 2024, the Pensions Dashboards Programme (PDP) published an updated version of data standards, as the pensions industry prepares itself for connection to the dashboards ecosystem in 2025.
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The General Election was less than a month ago, but already the new Government has announced two landmark pieces of pensions legislation.
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The total value of buy-ins and buy-outs completed in the second half of 2023 rose to almost £28bn, according to a recent H2 2023 Half Year Risk Transfer Report. With transactions getting bigger, as well as more numerous, the market certainly looked buoyant as the year came to a close.
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Labour’s landslide election victory in the July General Election means new Prime Minister Sir Keir Starmer has been given a mandate for change.
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