Tensions are rising in Madrid where the Podemos party, the junior partner in Prime Minister Pedro Sánchez’s Socialist-led coalition, is refusing to back changes it warned will reduce future pensions for millions of people. And there are fears the fierce opposition to
Rishi Sunak recently provided a spending review which gave the latest predictions on how the economy may cope going forward. According to the government’s predictions, the UK may not fully recover economically until the end of 2022 and state spending is set
The payments usually arrive once every four weeks into an account of the claimant’s choosing. These payments are paid in arrears, covering the previous four weeks as opposed to the coming four weeks. Initial payments will take up to five weeks to
Brexit has been at the forefront of life in the UK since the vote was cast in 2016. Despite the difficulty associated with getting the UK to leave the EU, a new relationship between the two as 2021 approaches and could impact
Pension rules may be dramatically altered in the coming months courtesy of a new court ruling on GMPs. Today, Mr Justice Morgan delivered a verdict on the case between Lloyds Banking Group Pensions Trustees Limited and Lloyds Bank PLC, HBOS PLC, the
Divorce rates rose in 2019. According to the ONS, there were 107,599 divorces of opposite-sex couples in 2019, increasing by 18.4 percent from 90,871 in 2018. Additionally, there were 822 divorces among same-sex couples in 2019, nearly twice the number in 2018
How will negative rates impact pensions? Pension assets have already been impacted by coronavirus this year but should negative interest rates be introduced, they could receive a double blow which will impact holders and the companies managing them. Andrew began: “Negative interest
Today, an update was provided on the timeline for implementing these plans and according to the release, creating and setting the first version of data standards will be laid out in December 2020. From here, testing, onboarding and transitions will be done