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The Latest Breaking News from Tom Selby

Warning millions more could be stung by Reeves’ tax raid on pensions

A 2,000-a-year cap on salary sacrifice contributions will come into effect from 2029

The Independent UK

What’s at stake in the UK Autumn Budget? Here are the points to watch

UK Chancellor Rachel Reeves faces the challenge of raising an estimated £20-30bn, with both her and the government’s credibility on the line.

Euronews

How might Reeves increase income tax – and what does it mean for you?

The budget could involve a range of rises – here’s how they would stack up for different levels of income

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Will megafunds really put an extra £6,000 in the average pension?

Some experts are sceptical about the touted benefits to workers from the UK government’s proposed shake-up

The Guardian - UK

Donald Trump tariff trade war wipes 'billions from Scottish pensions funds'

DONALD Trump’s tariffs have wiped billions of pounds from Scottish pension funds, it has been reported.

The National (Scotland)

Vulnerable customers encouraged to seek support from financial services firms

The Financial Conduct Authority has highlighted examples of good practice by firms dealing with vulnerable customers and areas in need of improvement.

Evening Standard

Mind the gap: why filling the holes in your NI record could pay dividends

Voluntary contributions of about £800 to £900 for each missing year could boost your state pension by thousands

The Guardian - UK

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Pensioners warned over winter fuel payment as key deadline hours away

The cut-off for making a backdated claim for pension credit to receive the winter fuel payment falls on December 21.

The Independent UK

Right-wing think tank welcomes Rachel Reeves’ pension ‘megafunds’ overhaul

Rachel Reeves will promise the biggest overhaul of the pensions market in decades as she addresses the City of London

The Independent UK

UK mortgage rates rising; Meta fined for breaching EU antitrust rules – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Keir Starmer says stocks and shares owners ‘not working people’ in hint at capital gains hike

Chancellor Rachel Reeves is looking for around £40bn of tax hikes and spending cuts in her first Budget since entering the Treasury

The Independent UK

Starmer warned new pension bill will fail to tackle long-term pensions crisis

In his first King’s Speech, the PM unveiled plans to support more than 15m people with private pensions and ensure they get better outcomes

The Independent UK

Measures to help boost pension pots welcomed by industry experts

Legislation in the King’s Speech aims to encourage pensions consolidation and put a focus on value and outcomes for scheme members.

The Independent UK

Autumn Statement could be brilliant opportunity for Isa rules shake-up – experts

Reports suggest that Chancellor Jeremy Hunt is preparing an Isa shake-up which could make it easier for savers to take advantage of improved rates.

The Independent UK

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The Independent UK

Influencers warned of the risks of promoting ‘get rich quick’ schemes

Financial influencers should not create a sense of FOMO (fear of missing out) around products, regulators said.

Nottingham Post

Pension savers forced to pay taxman money they don't even owe

Government urged to tackle 'scandalous' situation which hits people on low incomes the most

The Independent UK

The DWP pension pot change that could save you thousands

Minister for pensions Laura Trott said there is more to be done to ensure a fairer future for savers

The Independent UK

DWP Help for savers with multiple small pension pots under consideration by DWP

Minister for pensions Laura Trott said there is more to be done to ensure a fairer future for savers.

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news in one place.

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The Independent UK

Would your savings survive a 100-year life?

World Economic Forum warns we’ll outlive our money by at least a decade

Daily Mirror

More than 1,000 British Steel pensioners to get £49million compensation over bad advice

Hundreds of British Steel pensioners will get around £45,000 back under compensation plans finalised today by the financial regulator - but retirees face a long wait

Glasgow Live

DWP state pension changes and how to check what age you can claim

Experts have issued a warning to those who are expecting to receive their first state pension in the next few years. This comes as there are growing concerns that the triple lock policy will be dropped.

The Independent UK

Pensions set for bumper increase after Truss says triple lock is being protected

Prime Minister Liz Truss insisted ‘we are protecting the triple lock on pensions’.

The Guardian - UK

Is my pension safe and will mortgage rates come down? What to do in the current crisis

Uncertainty is everywhere from financial markets and high street to households. We answer key questions that thousands are asking on housing, pensions and investments

The Independent UK

Mortgage lenders ‘should feel confidence to put more products on the market’

Some of the downward pressure on house prices and transactions will be tempered following the Government’s U-turn, a housing market expert suggests.

Daily Mirror

How safe is my pension pot as the Bank of England pulls emergency help?

Pension funds faced a black hole in their accounts without emergency action to shore them up by the Bank of England, which is now leaving them to fend for themselves

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