The UK government's proposal to subject unspent pensions to inheritance tax (IHT) starting April 6, 2027, has sparked significant debate among industry experts. This potential change could disrupt many aspects of financial planning, leading to complications and increased costs for savers. This
January 2, 2025The Baby Boomer generation, known for its significant contributions to cultural and economic changes in the United States, now faces a daunting challenge as it heads into retirement. Despite years of hard work and earning, many Boomers find themselves with insufficient retirement savings to
December 30, 2024In 2025, significant changes to US retirement savings plans will come into effect due to provisions from the SECURE Act 2.0. This federal legislation, aimed at facilitating Americans' management and contributions to tax-advantaged retirement plans, is set to improve access to these savings
December 27, 2024Alberta's ambitious plan to withdraw from the Canada Pension Plan (CPP) and establish its own Alberta Pension Plan (APP) has stirred considerable debate among various stakeholders. Proponents of the proposal argue that it could lead to significant financial savings for Albertans, while
December 27, 2024The staff at Coventry University are on the brink of striking due to proposed job cuts and changes to their pension schemes. The university plans to cut around 100 jobs and transfer approximately 200 employees to Peoples Futures Limited (PFL), which would exclude them from the Teachers’ Pension S
December 23, 2024Hays Group, a prominent name in the global recruitment industry, has successfully completed a £370 million buy-in for the Hays Pension Scheme, ensuring stability and security for its members. The transaction, underwritten by Pension Insurance Corporation (PIC), safeguards the liabilities of the
December 10, 2024