AGP Executive Report
Last update: 12 hours agoPensions shake-up: Labour’s Andy Burnham says the state pension triple lock will be adjusted from 2030, with the earnings element changed—sparking claims pensioners could lose about £545 a month versus prior projections. Retirement tax clarity: The government also moved to calm rumours about the 25% pension tax-free lump sum ahead of the Autumn Budget, after concerns that uncertainty could trigger withdrawals. Housing finance pressure: UK sellers face a buyer-favouring market as listings rise and mortgage approvals fall, with mortgage approvals down year-on-year and stock near a 12-year high. Tokenisation push: Lloyds reports 71% of UK finance leaders expect tokenisation to reshape financial services, while banks look at faster settlement. Prediction market warning: The FCA is engaging internationally over Polymarket bets on whether HSBC and Lloyds will fail, raising market integrity concerns. Broadband investment structure: Octopus’s inheritance tax service will split out fibre broadband assets into a dedicated fund after performance and withdrawal issues. Visa rules bite: New guidance sets conditions for the adult dependent relative family visa, while tighter student visa rules are hitting international recruitment at a UK university with nearly 4,000 African students. Cost of living hit: Northern Ireland households face higher gas bills after SSE Airtricity raised prices by nearly 19%.
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