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flag UK to tax unused pension funds in inheritances from 2027, targeting £1.5 billion annually.

flag The UK government plans to include unused pension funds in inheritance tax calculations starting in 2027, aiming to raise £1.5 billion annually by 2029. flag Critics argue this will cause confusion and additional costs for bereaved families. flag Meanwhile, the Chancellor's speech focused on reducing financial services red tape, and the Pensions Regulator published its annual report, emphasizing better trusteeship and investment governance. flag The government also launched a review of the state pension age and announced reforms to bank capital requirements.

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