Monthly Archives: January 2016
So what would a pension exit charge cap look like?
Yesterday I spoke on Money Box in support of a cap on exit fee penalties from legacy personal pensions. Claire Trott spoke well in opposition and I’m quite sure that the ABI will take comfort in her argument that a … Continue reading
Posted in actuaries, dc pensions, Pension Freedoms, pensions, Pensions Regulator
Tagged ABI, advice, Commission, exit fees, exit penalties, FCA, legacy, pension, Regulator, TPR
2 Comments
Money Box Live this lunchtime- penalty fees on pensions?
I’m more excited than ever this morning as later I’ll be cycling up to Broadcasting House to talk on Money Box about the Chancellor’s plans to cap early redemption fees on pensions with Claire Trott and Paul Lewis. It’s going to … Continue reading
Posted in pensions
Tagged BBC, Boris Bikes, Claire Trott, money box, Paul Lewis, Pension Plowman, personal pensions, Retirement, Savings, stakeholder pensions
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Spin, spin and more spin – the Osborne tumble-dryer.
George Osborne’s oral statement that he was introducing a cap on exit penalties imposed on people trying to exercise their pension freedoms is turning out to be a joke, a tumble dryer of spin with nothing but old-rags to be … Continue reading
Posted in pensions
Tagged Business, charges.legacy, GAN, General Portfoio, George Osborne, pensions, Politics, Reassure, spin, Windsor Life Reassure
4 Comments
Why assume gains before they are earned? (guest blog by Ralph Frank)
Downturns in financial markets have been known to trigger bouts of introspection. Current markets seem to be no different in this regard. Some investors have seen their carefully crafted plans blown off course, possibly not for the first time, … Continue reading
No way to run a private pension system
How can the lifetime allowance possibly be part of a sustainable system of pension taxation? Good news for those unprotected pension savers who have more than £1m in your pension pots- you probably won’t be paying 55% exit penalties – … Continue reading
Posted in pensions
Tagged Business, DWP, Employment, Financial services, Government, HM Treasury, pension, Pension new, pensions, Retirement, Tax, Treasury
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“A bit of a balls up- to be frank!”
If you turn left out of the back of the Treasury and walk down to Caxton Street you’ll find the offices of the DWP. If you turn right out of Caxton Street, you’ll come to the Treasury, it’s a five minute … Continue reading
Posted in pensions, Popcorn Pensions, Ros Altmann, social media
Tagged Business, Caxton House, communication, DWP, FCA, Google, HM Treasury, pensions, social media, Street Maps, Treasury, YouTube
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Insurrection and resurrection! A sideways glance at pension titillation.
Thanks to Martin Baker – fellow Yeovil Town enthusiast for this nice juxtaposition. The Lord Giveth-and the Lord Taketh Away -these articles appeared within four days of each other. Perhaps Express newspapers worked out that putting “Pension ” on the front … Continue reading
Posted in pensions
Tagged Daily Express, Fun, Fundsmith, Games, Hay, Nipple, Penis, pensions, Ros Altmann, Sex, Terry Smith, Titillation, Tullet Prebon
3 Comments
Government Pensions? Who’s money is it anyway?
The vast majority of the money outstanding to those who work and have worked for Government is to be paid as pension. The Government’s pension debts – for its own people – have been estimated in the Whole of Government … Continue reading
Posted in pensions
Tagged Bonds, equities, gilts, Government, House, Infrastructure, LGPS, Local Government, NEST, our money, ppf
4 Comments
What is salary sacrifice and why’s it under threat?
If you read Jo Cumbo’s piece on possible changes to pensions tax relief in the FT yesterday, you’ll have seen references to the abolition of pension salary sacrifice. Pension Salary Sacrifice is quite legal and both the DWP and HMRC … Continue reading
Posted in pensions
Tagged 170 check-out, bull, Chancellor, DWP, HMRC, National Insurance, pension salary sacrifice, pensions, red rag, salary exchange, salary sacrifice, Tax, three card trick, Treasury
2 Comments
The pension gravy train heads for the buffers!
The FT is seldom wrong on matters of public policy. Only a few weeks before the promised budget announcement it headlined last night… Which is precisely what everyone in pensions worried about and what the rest of the country is … Continue reading
Posted in pensions
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