Monthly Archives: November 2023
“Now is the time” – TPR and HMT in lockstep on pension reform
Change is coming – we must grasp this opportunity in savers’ interests In this blog , republished with the personal permission of Nausicaa Delfas, TPR reaffirms a statement made by Chancellor Jeremy Hunt that “now is the time” to embrace … Continue reading
Time for the PPF to visit the Mansion House
This is the text of a linked in post published yesterday Shalin BhagwanShalin Bhagwan• 1st• 1stChief Actuary and Interim Chief Financial 8h • Edited • 8h • Edited • Is it just me or was it not so long ago … Continue reading
Pensions getting back on track
In this blog, I look at the second half of a letter from Mel Stride and Jeremy Hunt to the Pensions Regulator – Nausicaa Delfas. In the first half, the letter outlines the need for DC pension saving to … Continue reading
“Not more saving – but better saving” – Hunt’s pension agenda is different.
It is interesting that Jeremy Hunt chose to summarise his pension strategy in a letter to the CEO of the Pension Regulator. The letter is signed by Hunt and his DWP counterpart Mel Stride. It is a Governmental compact … Continue reading
Will trustees rely on fiduciary duty to deliver DC pensions?
We intend to rely on the trustee’s fiduciary duty to act in the members best interests when developing the suite of products and services. However, we will keep this under review and may introduce further requirements separate to the … Continue reading
Mansion House 2.0 puts “run-on” back in play.
The two most significant measures in the Autumn Statement, impacting the Mansion House reforms are a revision of the guidance to the LGPS pools and changes to tax rules governing surpluses in corporate defined benefit pension schemes. LGPS interventions – … Continue reading
Tax reforms from the autumn statement (including help for the self-employed)
This is the statement sent to “HMRC customers” by the Treasury. I have only adjusted some of the pronouns My attention is drawn to the help those low-earing self-employed people get with state pension credits. The self-employed are the least … Continue reading
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Is your pension a matter of choice?
It is ironic that the pension solution that the Government has arrived on to make “sweeping changes” to the workplace pension system is at the furthest remove from the high finance of the Mansion House Compact. I challenge even the … Continue reading
What people miss most in retirement is their pay cheque
Today, we expect to hear from a Chancellor who is going to put personal choice back into workplace pensions. This article argues that for most of us, the decisions we take on pensions don’t matter much, we get what we … Continue reading
The Challenge of a Government Backed Growth Fund
One policy announcement that is pretty much “nailed on” is that the Autumn Statement will introduce a Government endorsed Growth Fund to be run by the British Business Bank. The Growth Fund is a very good idea that workplace pensions … Continue reading
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