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PIMCO

The enhanced State Pension income trap causing more to pay tax in retirement

Jonathan Jones
25 August 2026
For each year deferred, the State Pension rises roughly 5.8%, according to figures from the government.

Behind the yen intervention: What it changes (and doesn't) for markets

Matteo Anelli
25 August 2026
Japan and the US moved to defend the yen earlier this month. Strategists explain why the intervention was more a signal of intent than a fix – and what to watch next.

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