Monthly Archives: November 2023
Hunt picks “pot for life” as pension rabbit.
Bizarrely, the Chancellor is expected to use the Treasury’s Autumn Statement to launch yet another pensions consultation. I guess the DWP has run out of energy after a summer of questioning the pension industry on how they should go about … Continue reading
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Paul Johnson argues for “no-cost” reform of inheritance tax.
Over the weekend, I ran a couple of blogs arguing that Inheritance tax cuts cannot be justified in the context of benefit cuts, but might be justified if part of a restructuring of taxes on pensions. I argued that inheritance … Continue reading
NHS pension debt falls by £340bn – what does this mean to the public purse?
Patrick Hosking has uncovered a report from the Government Actuary that the debt accounted to the nation to pay NHS pension promises, has fallen from £841 billion as at March 31, 2022 to £461 billion just a year … Continue reading
Why do the young hate pensions?
This week the Pension PlayPen linked in group will exceed 15,000 members making it one of the largest and fastest growing linked in pension groups, WWW.PENSIONPLAYPEN.COM continues to bring together those within and without the pension industry for discussions on … Continue reading
The whingeing of the Mansion House Compact
If it wasn’t so pathetic it would be funny. The senior managers, charged with implementing the Mansion House Compact which means start-ups and scale-ups get long term capital from pension funds, don’t want to play, The Compact was signed … Continue reading
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“Pension Admin Innovation” – you can’t even google it!
I spent much of last week searching the web and my network for innovative suppliers of pension administration. Googling “pension administration innovation” rendered virtually no results. I end the week as I started it, believing it will happen but finding … Continue reading
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Jeremy’s tax bargain on inheritance tax and pensions
In an interview with the BBC, Mr Hunt refused to rule out a cut to inheritance tax, saying: “The best way that we can reduce the tax burden for everyone is to grow the economy.” If there is one thing … Continue reading
The Government’s chance to extend accrual in funded pensions.
I hear that the recently endowed universities are suffering from the pinch of fixed revenues and increasing costs. Revenues for tuition fees have been pegged for a decade while inflation has hit running costs, especially staff costs. To make … Continue reading
Australia more than competitive on pensions
Jo Cumbo has written an important piece on what the UK can learn from the Australian pension system. The article is not written for the pensions industry but for the FT reader, a sophisticated type who can appreciate that there is … Continue reading
History under my bum – why the City of London’s the place to be!
As readers of this blog should know by now, I am a very enthusiastic resident of the City of London , Though I don’t participate in the pomp and ceremony of the livery companies or climb the slippery pole from … Continue reading
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