Minimum age for pensions freedoms rises to 57
The government has confirmed that the minimum age for drawing a personal pension is to rise to 57 in 2028. Savers who pay into a personal pension either directly or through their workplace can currently access their money at 55. However, the government plans to raise the age as a result of increased life expectancy. The change hasn’t yet been brought into law, but Treasury Minister John Glen has confirmed there are plans for legislation. In parliament, he said: “In 2014 the g
Are ESG funds set to become the new normal?
The adoption of Environmental, Social and Governance funds has been rising steadily for some time now, and yet the question has lingered of whether they are to be a flash in the pan or the centre of our financial future. With ESG funds reportedly attracting net inflows of $71bn, just between April and June of 2020, there is no denying their significance. Their usage is seeing a rise that is, relative to previous years, meteoric. The transaction network, Calastone, reported da