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Josephine Cumbo

Global Pensions Correspondent

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  • Tuesday, 21 March, 2023
    State pension
    Ministers delay plan to lift UK state pension age to 68 as life expectancy falls

    Tory MPs worried move would spark backlash after retirement tax break for wealthy

  • Friday, 17 March, 2023
    UK tax
    Labour accused of exaggerating tax benefits of Hunt’s pension reform

    Experts say party made an error in a calculation about the impact of scrapping the lifetime allowance

  • Saturday, 11 March, 2023
    UK economic growth
    City bosses urge Hunt to boost pension capital into economy

    Call to release more funding amid growing fears over UK stock market’s competitiveness

  • Monday, 6 March, 2023
    Pensions industry
    Australia regulator explores rule change over pensions fraud risk

    Funds in highly politicised sector want more time to check identities and verify transactions

  • Friday, 3 March, 2023
    Personal pensions
    UK workers to be eligible to join company pension from age 18

    Shake-up aims to bridge retirement savings gap, with Hunt expected to reform rules for over-50s

  • Thursday, 2 March, 2023
    Pensions industry
    Pension funds urge UK government to review tax rules for over-55s

    Call to change law that penalises people who return to work after dipping into their pensions

  • Tuesday, 7 February, 2023
    Pensions industry
    UK regulators failed to spot threat from pension scheme borrowing, says Lords report

    Calls for greater oversight of LDI strategies after last year’s turmoil in gilt markets

  • Monday, 6 February, 2023
    Pensions industry
    Ministers urged to limit ‘generous’ UK pension reliefs for highest earners

    IFS says cutting 25% tax-free lump sum would allow government to raise contribution allowances

  • Monday, 6 February, 2023
    Pensions industry
    Pension schemes advised to sell LDI funds after gilt chaos

    Investment advisers have cut ratings on funds run by BlackRock and other managers

  • Wednesday, 1 February, 2023
    Bank of England
    Bank of England to set out ‘steady state’ measures for LDI market

    Financial stability chief says further steps needed to boost sector’s resilience after September liquidity crisis

  • Monday, 30 January, 2023
    Pensions industry
    Push into illiquid assets exposes UK pension savers to higher fees

    Government presses ahead with plans to funnel scheme funds into infrastructure and start-ups

  • Monday, 30 January, 2023
    Pensions industry
    UK sets out plans to raise disclosure standards for pensions industry

    Value-for-money test proposals will affect millions of retirement savers

  • Friday, 20 January, 2023
    Pensions
    Employers confronted over missing pension contributions

    Complaints to the ombudsman rise amid concerns over workers at smaller companies

  • Monday, 16 January, 2023
    Legal services
    City lawyers predict wave of LDI lawsuits stemming from pension funds crisis

    Survey of London litigators shows many also expect rise in US-style class action cases

  • Wednesday, 11 January, 2023
    Workplace pensions
    ‘High-earning men face a state pension shortfall’

    Top 10 per cent male earners pay more in national insurance than they get in retirement benefit, study reveals

  • Saturday, 31 December, 2022
    Pensions industry
    Pension funds must take ‘extreme care’ with liquidity risks, says OECD

    Rising interest rates and falling stock markets have changed the picture for retirement schemes

  • Wednesday, 21 December, 2022
    UK labour disputes
    Ambulance staff: ‘We’re striking because of the crisis in the NHS’

    Those on picket line say decline of NHS and poor pay are closely linked

  • Wednesday, 14 December, 2022
    UK financial regulation
    UK’s Pensions Regulator taken to task on preparation for gilts crisis

    Shortcomings exposed when yields soared while lifeboat scheme was much better organised

  • Tuesday, 13 December, 2022
    Pensions
    Widow challenges pension contributions clawback

    Financial services group recalls £165,000 after death-in-service payout

  • Thursday, 8 December, 2022
    Pensions crisis
    BT pension scheme warns it may need ‘support’ from company

    More cautious approach to liability-driven investing after Truss mini-Budget means returns may fall, MPs told

  • Wednesday, 7 December, 2022
    Pensions
    LDI pension managers dismiss claim that leverage strategies caused gilts turmoil

    UK policymakers examine use of ‘poorly managed’ leverage after crisis led to BoE intervention

  • Monday, 5 December, 2022
    National Health Service
    UK proposes NHS pension plan reform in effort to stop staff quitting

    Government to let nurses and doctors rejoin retirement scheme as health service contends with record waiting lists

  • Thursday, 1 December, 2022
    Lloyds Banking Group PLC
    Lloyds pension plan sold billions of assets during gilts crisis

    Details of one of the biggest known disposals by a corporate scheme revealed to MPs

  • Tuesday, 29 November, 2022
    UK politics & policy
    UK yet to compensate 200,000 for state pension underpayment

    Shortfall first flagged 2 years ago affects mainly older women who did not receive automatic uplifts

  • Monday, 28 November, 2022
    UK mis-selling
    Cost of funding pension scandal payout for UK steelworkers falls sharply

    Improvement in annuity rates slashes money needed for compensation linked to British Steel Pension Scheme

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