Category: Pensions industry

Labour vows to cut financial ‘red tape’’ and ‘unashamedly champion’ UK sector

Report shows Labour move to scrap many rules and processes as party denies plan will dilute consumer protectionsMartha Lane Fox: green economy must be next UK government’s No 1 priority Labour has pledged to...

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Bank of England completes sale of £19bn emergency bond purchases after mini-budget

BoE was forced to intervene in markets to prevent run on pension fundsThe Bank of England has finished unwinding the emergency bond-buying scheme it launched to calm the turmoil in financial markets that followed Liz...

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Decision to green light Cumbria coal mine is ‘bad policy, bad politics’ and ‘environmental vandalism’, says Labour – UK politics live

Lisa Nandy calls decision ‘absurd’ and says new coal will be used for steel and not electricity generationWes Streeting, the shadow health secretary, has issued this statement about the latest performance statistics...

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Pensions experts ‘shocked’ at hidden borrowing across UK schemes

MPs hear evidence of risky ‘liability driven investing’ which some blame for recent bond market meltdownPensions experts have told MPs they were “absolutely shocked” at the level of “hidden”...

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OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid slowing growth outlook and sweeping tax cutsKwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are...

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