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Thousands knocked off pension incomes but Sunak delays changes until 2030 –

Shift away from higher inflation measure will reduce increases in 10m pension incomes and cost investors £100bn



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While many pensioners and investors will lose out, the changes will benefit some, including the taxpayer.
Rail prices will now rise at a slower pace, students face smaller loan repayments and the Government will save money from paying lower interest costs on the index-linked gilts  around a quarter of the countrys debt pile.
The Pensions and Lifetime Savings Association said the move will raise the risk of insolvency for employers as they seek to address the shortfall in funding of their workplace…

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