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Accessibility helpSign InSubscribeFinancial TimesSubscribeSign InHomeWorldWorld HomeMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaKharg Island: Iran’s oil lifeline that Trump has left untouchedTrump’s Venezuela strategy has failed in IranWhich economies will pay the biggest price for the Iran war?Farage misses out on Trump meeting as their relationship coolsG7 discuss joint release of emergency oil reservesUSUS HomeUS EconomyUS CompaniesUS Politics & PolicyKharg Island: Iran’s oil lifeline that Trump has left untouchedTrump’s Venezuela strategy has failed in IranWhich economies will pay the biggest price for the Iran war?Farage misses out on Trump meeting as their relationship coolsIran war will leave a complex geoeconomic legacyCompaniesCompanies HomeEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?G7 discuss joint release of emergency oil reservesEx-EY executive launches private equity-backed tax firm to challenge Big FourPimco sticks with bet on gilts despite market slumpTechTech HomeArtificial intelligenceSemiconductorsCyber SecuritySocial MediaSheryl Sandberg and Nick Clegg join Nvidia-backed AI start-up NscaleKKR eyes multibillion-dollar sale of data centre cooling companyAnthropic sues the Pentagon over being declared a ‘supply chain risk’Is South Korea’s dominant online retailer an American company?Microsoft adds Anthropic AI models to its Copilot workplace toolsMarketsMarkets HomeAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingKharg Island: Iran’s oil lifeline that Trump has left untouchedWhich economies will pay the biggest price for the Iran war?G7 discuss joint release of emergency oil reservesIran war will leave a complex geoeconomic legacyPimco sticks with bet on gilts despite market slumpClimateOpinionOpinion HomeColumnistsThe FT ViewThe Big ReadLexObituariesLettersTrump’s Venezuela strategy has failed in IranIran war will leave a complex geoeconomic legacyAmerica chose this war — and must now choose how to end itStagflationary forces are buildingWhy it’s time to end the grim march of the touchscreenLexWork & CareersWork & Careers HomeBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItWhy it’s time to end the grim march of the touchscreenYou can turn this to your advantage if every news story has ‘tax exile’ in itBusiness school professors’ picksLife & ArtsLife & Arts HomeArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterHow to wear a tie: HTSI’s definitive guideWine storage is emerging from the cellarFlip it and reverse it: the enduring fun of Jaeger-LeCoultre’s Reverso A whirlwind guide to Washington’s Library of Congress‘Match of the century’ referee Lothar Schmid’s chess library up for auctionHow To Spend ItHomeWorldUSCompaniesTechMarketsClimateOpinionLexWork & CareersLife & ArtsHow To Spend ItFinancial TimesSubscribeSign InInsight & CommentAre you financially ‘prepped’ for higher inflation?Don’t panic about gyrating markets, work through this personal finance checklist insteadClaer BarrettReform UKReform UK plans to use £500bn of council pension assets to invest in British businessesDeputy leader hails ‘huge opportunity’ to create sovereign wealth fund, but experts give sceptical responsePersonal FinanceHigh tax rates overshadow bonus season in the CityFT survey reveals continuing frustration over tax thresholds — with many thinking of moving abroadAnglican ChurchChurch of England pension fund tempts an earthly reckoningThe fund is in surplus after a period of high interest rates, but it is heavily invested in risky assetsJohn RalfePublic sector pensionsExplainer. 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Tell us by midnight tonightUK taxMillions more UK workers to be hit by Reeves’ salary sacrifice changesFiscal watchdog predicts companies will lower wages on back of chancellor’s Budget measureUniversities Superannuation SchemeHas USS’s investment strategy worked?High-profile losses prompt questions over transparency at the UK’s biggest private pension fundGeneration ZGen Z trend for ‘admin nights’ is worth followingFinding time to collectively focus on your finances pays dividendsClaer BarrettReform UKReform in ‘ferocious battle’ with council officers over pension cuts, says TiceParty’s deputy leader warns planned reductions in contributions risk being too cautiousBank bonusesBanks poised for bumper bonuses this springComplete the FT’s bonus survey and see how your payout will measure upSovereign wealth fundsFT Alphaville. Is the US about to screw SWFs?Taxing timesPensions industryFCA to implement four-point ‘traffic light’ system to show pension fund performanceUK regulator updates reforms in drive for better retirement outcomesPensions industryPensions not a ‘plaything’ in domestic investment drive, governments warnedIndustry figures fear using more retirement pots to kick-start economic growth could run counter to savers’ interestsPensions industryNetherlands overhauls its €1.8tn pension systemSwitch from defined benefit to defined contribution model aims to ensure long-term sustainabilityRetirementRoyal Mail’s new pension scheme falls 5% in first six monthsPioneering CDC product underperforms benchmark index by a percentage pointPublic sector pensionsMPs’ pension scheme makes ‘mockery’ of Reeves investment pushFund has lower than average weighting to UK stock marketUK taxReeves’ salary sacrifice changes to hit 3.3mn pension saversHMRC data points to impact of UK government’s crackdown on tax advantages of workplace schemesRetirementFT Alphaville. UK pension funds sell UK equities shockerIn chartsFinal salary schemesAberdeen takes on Stagecoach’s pension scheme in ‘landmark’ dealAsset management group will actively manage surplus distributed to transport company’s scheme membersUK Autumn Budget 2025Salary sacrifice shake-up: what it means for staff and employersFrom 2029, workers will only be able to pay £2,000 into the scheme and receive tax reliefUK Autumn Budget 2025Reeves to rush pensions tax raid into law to reassure marketsLegislation on salary sacrifice schemes expected to be introduced in weeks, even though it will not take effect until 2029Final salary schemesMillions face lower pensions after salary sacrifice changesCap on national insurance relief set to raise £4.7bn in 2029-30 and £2.6bn in 2030-31BlackRock IncNYC comptroller urges city pensions to pull $42bn mandate from BlackRock over climateTop finance official says asset manager submitted ‘inadequate’ decarbonisation planUK Autumn Budget 2025A horrid Budget for the ‘Henrys’Tax squeeze set to hit higher-earning young professionals at key point in their careersClaer BarrettJoin us at an FT Live eventFT LiveImproving Financial Security in RetirementExplore all eventsHelp CentreContact UsAbout UsAccessibilityCareersSuppliersTerms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & PoliciesShare News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT SchoolsPortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency ConverterFT Live EventsFT ForumsFT Leaders AcademyMore from the FT GroupFT Editorial Code of PracticeUKSubscribe for full accessHomeWorldMiddle East warGlobal EconomyUKUSChinaAfricaAsia PacificEmerging MarketsEuropeWar in UkraineAmericasMiddle East & North AfricaUSUS EconomyUS CompaniesUS Politics & PolicyCompaniesEnergyFinancialsHealthIndustrialsMediaProfessional ServicesRetail & ConsumerTech SectorTelecomsTransportTechArtificial intelligenceSemiconductorsCyber SecuritySocial MediaMarketsAlphavilleMarkets DataCryptoCapital MarketsCommoditiesCurrenciesEquitiesMonetary Policy RadarWealth ManagementMoral MoneyETF HubFund ManagementTradingClimateOpinionColumnistsThe FT ViewThe Big ReadLexObituariesLettersLexWork & CareersBusiness School RankingsBusiness EducationEurope's Start-Up HubsEntrepreneurshipRecruitmentBusiness BooksBusiness TravelWorking ItLife & ArtsArtsBooksFood & DrinkFT MagazineHouse & HomeStylePuzzlesTravelFT GlobetrotterPersonal FinanceProperty & MortgagesInvestmentsPensionsTaxBanking & SavingsAdvice & CommentHow To Spend ItSpecial ReportsAlphavilleFT EditLunch with the FTFT Globetrotter#techAsiaMoral MoneyVisual and data journalismNewslettersVideoPodcastsNews feedFT SchoolsFT Live EventsFT ForumsFT Leaders AcademymyFTPortfolioFT Digital EditionCrosswordOur AppsHelp CentreSubscribeSign In

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