Last year’s Freedom and Choice reforms tore up the consensus that pensions policy needs to smooth income over retirement. However, research suggests that individuals still value pension...
The Treasury has announced a plan to cap redundancy payments across the public sector at £95,000 to end what Chief Secretary to the Treasury Greg Hands said were ‘golden goodbyes’ paid for by the...
Firms providing home care services across the UK have called on the Treasury to fully fund the £750m cost to the sector of the government’s new ‘living wage’ because they fear...
Spending controls being introduced in the NHS, including restrictions on the use of agency workers, are unlikely to result in savings, health service finance directors have warned.
Government plans to insist strike ballots in key services meet a minimum support threshold will deny millions of public sector workers a voice at work, trade unions have said.
A partnership between two local government pension schemes to pool £10bn of assets represents the sector “taking its destiny in its own hands”, one of the leaders of the project has...
Introduction of a National Living Wage could cost councils more than £1bn a year by 2020/21 through additional payments to staff and to contractors, an analysis by the Local Government...
George Osborne’s decision to spread the government’s £12bn welfare cuts over four years has pushed back the year the public finances will reach a surplus to 2019/20, the Institute...
Public sector pay increases will be capped at 1% for the next four years as part of efforts to get the public finances in surplus by 2019/20, Chancellor George Osborne announced in his post-election...
The public finances will be put under pressure over the next 50 years due to the ageing population, the government has been warned, with demand for healthcare and pensions set to increase spending by...
A pensions expert has called for the Treasury’s Whole of Government Accounts to include an estimate of future state pension payments after finding these could more than treble the UK’s...
Further steps to limit the redundancy payments made to senior public sector staff have been announced by the Treasury, with legislation now set to outlaw six-figure payouts.
Performance-related pay for civil servants and a ‘more porous’ border with the private sector will be introduced to Whitehall over the next five years, Cabinet Office minister Matthew...
Built upon equal sharing of profit and loss as well as other ethical principles, Islamic finance is prospering in the UK and could provide an alternative approach to managing public funds
Tackling local government pension scheme deficits should be the main focus for newly appointed local government secretary Greg Clark, according to a survey out today.
A Conservative government would legislate to ensure that people earning the National Minimum Wage are permanently removed from paying income tax, Prime Minister David Cameron has said.
Deputy Prime Minister Nick Clegg has pledged to increase the pay of public sector workers by at least the rate of inflation for the next two years, and more beyond that.
Controversial public sector pension reforms being introduced today for teachers and NHS staff still leave the schemes ‘relatively generous’ compared to the private sector, an analysis has found.
There’s little evidence to suggest that workers with defined contribution pension pots have the financial savvy to make wise choices with their money. A default automatic income plan would help...
Chancellor George Osborne has announced ahead of today’s Budget that savers who have already bought an annuity will be able to cash-in their funds for lump sums from April next year.
Nearly a million public sector workers are to receive average pay increases of 1% in 2015/16, Chief Secretary to the Treasury Danny Alexander has confirmed.