All articles by Sally Hickey
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NewsFCA agrees £235mn payout with Link after Woodford probe
Investors in the Woodford Equity Income Fund are to receive redress nearly four years after the fund’s suspension.
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NewsAltmann: ‘Older pensioners must not be abandoned’
The government was right to raise state pensions in line with inflation this year after it “abandoned” pensioners in 2022, former pensions minister Baroness Ros Altmann has said.
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NewsBank of England raises interest rates to 4.25%
The Bank of England has raised the base rate of interest, despite concerns over the impact this will have on the banking sector.
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NewsFCA launches retirement income advice review
On the go: The Financial Conduct Authority is to review the level of advice consumers are receiving from independent financial advisers on meeting their income needs in retirement.
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News‘Nightmare’ inflation eases slightly to 10.5%
On the go: The rate of inflation dropped slightly in December as the price of fuel and clothing eased. However, concerns are growing that wage rises are embedding inflation into the economy.
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NewsDavid Fairs leaves TPR to ‘pursue new challenges’
On the go: David Fairs is leaving his role as executive director of regulatory policy, analysis and advice at the Pensions Regulator in March this year.
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People NewsOmbudsman Anthony Arter awarded in New Year honours
On the go: The Pensions Ombudsman, the chief executive of NatWest, and the former chair of the Investment Association are among those who have been given awards in the King’s New Year honours list.
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NewsBank of England raises interest rates to 3.5%
On the go: The Bank of England has raised interest rates by 0.5 percentage points.
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NewsInflation slows to 10.7% in November
On the go: The rate of inflation dropped slightly to 10.7 per cent in November, driven by a decrease in the price of fuels and secondhand cars.
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NewsBank of England raises interest rate to 3%
On the go: The Bank of England has raised interest rates to 3 per cent, its highest rise since 1989.
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NewsDashboard implementation deadline extended by two months
Financial Conduct Authority-regulated pension providers have been given an extra two months to comply with the regulator’s pensions dashboard rules on implementation.
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NewsOpperman returns to DWP as minister of state
On the go: Guy Opperman has been appointed as a minister of state at the Department for Work and Pensions, a little over a month after being let go as pensions minister.
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NewsNo sign of ‘notable uptick’ in AE opt-outs despite cost of living crisis
There has been no significant rise in employees choosing to stop contributions to workplace pension schemes so far this year, despite warnings that the cost of living crisis would derail the progress of auto-enrolment.
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NewsBoE widens gilt purchases after continued bond market volatility
On the go: The Bank of England has widened its bond-purchasing programme to include index-linked gilts after another turbulent day in UK bond markets.
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NewsFCA warns cost of living crisis increases risk of pension scams
On the go: The Financial Conduct Authority has warned that pension holders are increasingly vulnerable to “misdirection” scams as the cost of living crisis increases the number of pension pots being accessed for the first time.
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NewsUK bond yields continue to surge after chancellor’s ‘mini-Budget’
On the go: The value of UK Treasuries has fallen sharply after the fiscal statement on September 23, which announced a raft of unfunded tax cuts for businesses and high earners as well as homebuyers.
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NewsHigh inflation means pensioners will need extra £90,000
On the go: Pensioners will need an additional £90,000 to maintain a comfortable lifestyle due to rising inflation, according to research.
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NewsInflation hits new 40-year high of 9.4%
On the go: The rate of inflation has risen to 9.4 per cent in the 12 months to June, as the governor of the Bank of England warns that interest rates could be increased by 0.5 per cent in the next decision meeting.
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NewsPrime minister Boris Johnson set to resign
On the go: The prime minister has reportedly agreed to step down after a dramatic few days of resignations.
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NewsNadhim Zahawi appointed chancellor after Sunak resigns
On the go: Nadhim Zahawi has been appointed chancellor of the exchequer after dramatic resignations from cabinet heavyweights shook the UK government.