Pensions
Legal & General Assurance Society Limited (L&G) has completed a significant £4.6 billion buy-in with pension schemes sponsored by Ford Motor Company Limited, marking the largest pension risk transfer transaction announced in the UK in 2025. This transaction reinforces L&G's position as a
Consumer price indexes
The UK public sector pension scheme is on track to receive a 3.8% increase in funding next year, placing a significant burden on taxpayers, with a projected expenditure of £57 billion this year alone. The boost, tied to the Consumer Price Index (CPI) measure of inflation, will see an
Pensions
Tejashwi Yadav, the Rashtriya Janata Dal (RJD) leader and chief ministerial face of the opposition, has announced a set of key welfare promises aimed at strengthening the rural governance network in Bihar ahead of the high-stakes Assembly elections. Speaking alongside Vikassheel Insaan Party (VIP) chief Mukesh Sahani, Yadav stated that
Pensions
As thousands of savers take advantage of pension freedoms to withdraw tax-free lump sums from their pots, speculation around the Budget has encouraged some to take action. Last year, a record £70.9 billion was withdrawn as tax-free cash, up 36% compared with the previous year. However, falling foul of
Pensions
Tejashwi Yadav, the Rashtriya Janata Dal (RJD) leader and chief ministerial face of the opposition, has announced a set of key welfare promises aimed at strengthening the rural governance network in Bihar ahead of the high-stakes Assembly elections. Speaking alongside Vikassheel Insaan Party (VIP) chief Mukesh Sahani, Yadav stated that
Pensions
As temperatures drop and living costs increase, the Department for Work and Pensions (DWP) is reopening three seasonal benefit schemes in November to provide much-needed support to households. The schemes include Winter Fuel Payments, Warm Home Discounts, and Cold Weather Payments, which will help alleviate the burden of rising energy
Pensions
As the state pension is set to rise to £12,547.60 from April 2026, managing your money to minimize your tax bill will become increasingly important. With an estimated 200,000 additional pensioners set to be pushed into the tax net, it's crucial to ensure you'
Pensions
As the average earnings growth figure from the Office for National Statistics (ONS) has been revised upward to 4.8%, the state pension is set to rise by the same percentage next April, providing a much-needed boost to millions of pensioners. This increase is likely to exceed inflation and the
Pensions
As the average earnings growth figure from the Office for National Statistics (ONS) has been revised upward to 4.8%, the state pension is set to rise by the same percentage next April, providing a much-needed boost to millions of pensioners. This increase is likely to exceed inflation and the
Legislators
Former Vice President of India Jagdeep Dhankhar has submitted an application to the Rajasthan Legislative Assembly, requesting the restoration of his pension as a former MLA. This move comes days after his resignation from the country's second-highest constitutional office. As per the Rajasthan Legislative Assembly (Officers and Members
Banking industry
As the August bank holiday weekend approaches, the UK's Department for Work and Pensions (DWP) has made clear that changes to benefit and pension payment dates are underway. Thousands of Universal Credit claimants and other benefit recipients can now expect early payments due to the holiday. The DWP
Banking industry
Personal Independence Payments (PIP) is a regular support payment of up to £110 per week, provided by the Department for Work and Pensions (DWP) to individuals living with long-term physical or mental health conditions, disabilities, or learning difficulties. PIP is a non-means-tested, tax-free benefit that aims to assist individuals in
