Schroders and Phoenix Group agree to set up a new investment management firm that will deploy billions of pounds in private assets on behalf of British pensioners trib.al/1eeA408
Fantastic news - @PhoenixGroupUK in partnership with our friends @Schroders willing to walk the talk on the huge benefits for customers and society of investment in high potential companies.
#FutureGrowthCapital
@RachelReevesMP said: “I welcome today’s multi-billion-pound announcement from Schroders and Phoenix Group, which will ensure that more of people’s pension savings are invested into the UK’s highest growing companies.
We want pension fund money to work harder for people and the economy. That’s why our pensions review will explore how we can unlock even more investment in the UK economy while boosting pension pots.”
Fantastic to see this work launch so soon after the election. Focus on consolidation is absolutely right as well as considering the barriers and incentives within the system.
The Pensions Bill confirmed in the King's Speech could boost some pension pots by over £11,000.
Chancellor @RachelReevesMP met with leaders in the sector today including @avivaplc, @landg_group & @PhoenixGroupUK to discuss the impact of this announcement.
ALT The Chancellor is pictured seated while wearing a green jacket. She is looking at her notes in a red folder. To her right and left are officials and senior leaders from the pensions sector. Behind her is wooden panelling and a HM Treasury flag.
The Pensions Bill confirmed in the King's Speech could boost some pension pots by over £11,000.
Chancellor @RachelReevesMP met with leaders in the sector today including @avivaplc, @landg_group & @PhoenixGroupUK to discuss the impact of this announcement.
ALT The Chancellor is pictured seated while wearing a green jacket. She is looking at her notes in a red folder. To her right and left are officials and senior leaders from the pensions sector. Behind her is wooden panelling and a HM Treasury flag.
“The under-saving crisis is bubbling beneath the surface in the UK with millions of people at risk of sleep walking into retirement”, writes @FassamTim of @PhoenixGroupUK
[Opinion Former Comment]
politics.co.uk/opinion/2024/…
"It’s important we don’t overlook the saving crisis. Inaction & delays mean at best, people could lose out on their expected retirement income & at worst we could see increased strain on social support system & worsening of retirement poverty." @FassamTimpolitics.co.uk/opinion/2024/…
Delighted to spend my first day meeting other ministerial colleagues and officials in my new role as Pensions Minister in the Department of Work and Pensions.
This is excellent news @EmmaforWycombe was a great shadow Minister, built real expertise while she was out of parliament and will now be a brilliant Minister
Great to see the PM making Metro Mayor’s a priority. Regional devolution could play a critical role in boosting investment in infrastructure and climate transition - most investment is local at heart and Mayors are often best placed to bring the right people together
Not a party political comment, but if you are going to attack the Cameron government for not caring about poverty the last person you should be using for your punchline is Lord David Willets - @iamjohnoliver I’d suggest getting your researchers to look into @resfoundation
It's great to be recognised for our ongoing work to highlight such an important issue.
You can read more about our new initiative 'Caring For Carers', which sees us linking with charities across the UK that focus on caring, such as @CarersUK > thephoenixgroup.com/news-vie…#Carers
Congratulations @PhoenixGroupUK winner of Best for Carers & Eldercare.
As well a generous leave policy, Phoenix Group have gone above and beyond to enable self-identification, as well as advocating for better #carers rights.
#WFBestPracticeAwardsloom.ly/3l1hsyo
ALT Graphic showing Phoenix Group as winners of Best for Carers and Eldercare in the working families best practice awards 2024
📅There are around 1m 'missing workers' from the UK’s labour market.
On July 9th we'll be joined by @csfoot and @tonywilsonIES to launch a new report, supported by @PhoenixGroupUK, setting out how the government can tackle this workforce crisis.
eventbrite.co.uk/e/demos-lau…