Monthly Archives: March 2016
David Gauke on making tax digital
This is the transcript of a speech given by David Gauke, the Financial Secretary to the Treasury at the Armstrong Watson event: ‘Essentials of pensions, tax and payroll in 2016’ I think the RTI project one of the … Continue reading
Posted in pensions
Tagged David Gauke, digital, HMRC, HMT, Payroll, pensions, Tax, Treasury
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Tax relief may be safe but our pensions aren’t
I wrote yesterday about the shock announcement from the Treasury that it wasn’t going to do anything about pension tax relief. Normally the Treasury does nothing about tax relief without telling us, which was great for financial advisers who saw a … Continue reading
Posted in pensions
Tagged Business, CBI, CIPP, Financial services, Osborne, Payroll, pension, pensions, tax relief
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Beware false prophets!
Before breathing a sigh of relief, the pension industry should remember the diversionary tactics put in place by the Treasury prior to the introduction of Pension Freedoms , the budget before last. Tax relief- as it impacts you and me- … Continue reading
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Tagged Business, Financial services, pension, pensions, Retirement, tax relief
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Running Pension Policy – Snapchat Style!
There are leaks and there are leaks, but this feels like the Treasury pulling the plug out with the bath full and ready! Take a look at the timeline of the Times’ story (12.01am); this is no idle tittle-tattle from the … Continue reading
Posted in Pension Freedoms, pensions, Treasury
Tagged DWP, HMRC, HMT, pensions, Ros Altmann, tax relief, tax-reform, Treasury
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Royal London’s IGC kicks off reporting
Royal London’s IGC yesterday became the first to report on its activities in the past 12 months. The report is 9 pages long , is readable and contains some substantive improvements which the IGC has negotiated with Royal London to … Continue reading
Posted in pensions
Tagged Business, governance, IGC, pension, pensions, Phil Loney, Philip Green, Retirement, Royal London, Steve Webb
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Fanning the faint flame for better workplace pensions
Over the next few weeks, Britain’s various IGCs (and baby IGCs) will be reporting on the state of the insurers and the non-insured SIPP providers from an independent viewpoint. I have berated some of the IGC Chairs for being confused … Continue reading
Posted in pensions
Tagged dc, Defined contribution plan, FCA, governance, IGC, law, Leonard Cohen, Money Purchase, pensions, regulation, TPR
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Is individual tax relief important- guest blog by Ralph Frank
The launch of the consultation on ‘strengthening the incentive to save’ last summer started a period of intense debate in the UK around the level and distribution of tax relief arising from pension saving. The relief enjoyed by ‘higher earners’, … Continue reading
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It’s snowing, I want to stay in bed- I don’t want to work forever!
We are being swamped today by “big questions” about how long we can work and how much we need to save to retire. As I look out of my bedroom this morning there is snow on the banks of … Continue reading
Posted in pensions, Pensions Regulator
Tagged Age UK, Bed, John Cridland, pensions, Work, work pensions, workplace Pensions
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Eurovision for the IGCs -they could do worse!
Over the next few weeks the 25 or so Independent Governance Committees that jointly oversee the activities of the life insurers who manage our pensions will produce their reports. The success of their reporting will be judged , I suspect, … Continue reading
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Tagged Better, Chairs, Eurovision, governance, Government, IGC, Mundanity, pensions, trustees, workplace Pensions
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