Pensions - Retail

The government is assessing new types of pension scheme designed to even out the risks between employer and employee following the closure of many final salary pensions by private firms.

ONE-PAGE BUDGET GUIDE

The government has come under fire for plans announced in the Budget to change tax allowances for pensioners, as stakeholders begin digesting the Chancellor's measures.

Charges on a government-backed UK infrastructure vehicle owned and run by UK pension funds will be capped at 0.5%, the Treasury has confirmed.

The Chancellor has confirmed he will unlock £20bn of pension fund assets to invest in private infrastructure in a bid to "overhaul the physical infrastructure of our nation".

Chancellor George Osborne has confirmed the state pension age (SPA) will reach 67 by 2026.

PENSIONS

Rathbone Unit Trust Management is preparing to add another product to its multi-asset range for David Coombs to appeal to the at-retirement market, Investment Week understands.

MAM funds is launching the Acuim UK Multi Cap Income fund for Gervais Williams and Martin Turner later this week.

With investors concerned about the propsects for payouts from UK stocks amid the worsening economic environment, Shore Capital has identified stocks from every sector in the market which should be able to grow their dividends.