Chancellor Rachel Reeves is understood to be preparing to use her maiden Mansion House speech to set out plans to overhaul Britain’s pension fund industry, an article in the Sunday Times says.
The Pension Insurance Corporation (PIC) has formed a joint venture with housing “place maker” Muse and government housing and regeneration agency Homes England.
The Budget announcement that inheritance tax (IHT) will apply on pensions from 2027 could make annuities more popular, a retirement specialist has predicted.
The full scheme deal – completed in March – secures the benefits for 24 pensioners and 15 deferred members. K3 Advisory advised on the transaction, while Cartwright provided actuarial, administr ...