Monthly Archives: January 2020

More argy-bargy in pension’s tax-trenches

Posted on January 31, 2020 by henry tapper

  Blessed are the peacemakers, until they wade into a debate on tax-relief. The saintly Darren Philp , maybe picking up from comments from ex DWP govt actuary Andy Young, tried to change the debate. To summarise his argument, he … Continue reading →

Posted in advice gap, age wage, pensions, Treasury | Tagged , , , , , , , | 2 Comments

Why delays in dashboard delivery hit the worst-off hardest

Posted on January 30, 2020 by henry tapper

  This blog looks at how the information from the pensions dashboard could help those on low incomes with low savings and it focusses not on how they save, but how they spend their savings. I had hoped , following … Continue reading →

Posted in advice gap, age wage, DWP, MAPS, pensions | Tagged , , , , , | 1 Comment

Pension transfers- actuaries have nothing to crow about.

Posted on January 29, 2020 by henry tapper

I am cross that an established firm of actuaries get on the front page of the FT for kicking IFAs for their advice on pension transfers Mark van den Berghen, principal and senior consulting actuary at Buck, a consulting firm … Continue reading →

Posted in actuaries, age wage, BSPS, pensions | Tagged , , , , , | Leave a comment

90 years of experience on pension taxation.

Posted on January 28, 2020 by henry tapper

    Terence O’Halloran and Eleanor Downie have provided a response to my blog proposing a radical solution to the problems we all find with the current system of pension tax relief. Unfortunately WordPress spammed the comment and it only … Continue reading →

Posted in pensions | 1 Comment

Will IGC’s be stung into action by the Bee?

Posted on January 28, 2020 by henry tapper

  I’m pleased to see that research conducted by PensionBee,  has revealed a rapidly emerging mainstream consensus among 2000 of their customers regarding where – and how – they want their money invested. Over 80% of those surveyed want  transparency … Continue reading →

Posted in age wage, pensions | Tagged , , , | 1 Comment

“Savings incentives” – what’s your idea?

Posted on January 27, 2020 by henry tapper

A friend DMs me after reading my log commenting on the proposals put forward by John Ralfe and Tom McPhail in the Times If you want the answer on pensions tax (1) get your objective clear, and if you have … Continue reading →

Posted in pensions | 1 Comment

Regulator fines Regulator

Posted on January 27, 2020 by henry tapper

Robin Ellison has too refined a mind and too fine a writing style, for his thoughts to be left languishing on Linked in. Not since the days of John Quarrell has there been such a dissenting voice, speaking against  the  … Continue reading →

Posted in age wage, FCA, pensions | Tagged , , , , | 2 Comments

John V Tom; my verdict on pension tax relief proposals.

Posted on January 26, 2020 by henry tapper

Independently, John Ralfe and Tom McPhail have written in the Times with their ideas about tax relief. The John Ralfe  proposal. (link embedded) John would like all pension contributions whether  made directly by the employer or as a deductable from … Continue reading →

Posted in pensions | 4 Comments

FCA’s stick is out, let’s see some carrot!

Posted on January 26, 2020 by henry tapper

What’s happening at the FCA In January, the FCA have published a series of letters making it clear where its focus will be in a new “post Brexit” decade. The timing is important as the FCA is not only facing … Continue reading →

Posted in pensions | Tagged , , | Leave a comment

Why do people persist with multiple pension pots?

Posted on January 25, 2020 by henry tapper

One in 3 over 55s with a private pensions have more than one pension pot but this group are the least likely to consider consolidating multiple pensions, according to new research. Older savers aged 55 and above were more likely to … Continue reading →

Posted in pensions | 3 Comments