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    Josephine Cumbo

    Global Pensions Correspondent

    Email Josephine Cumbo @JosephineCumbo  on Twitter (link opens in a new browser window)

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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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