Monthly Archives: March 2024
AE reforms; what the budget didn’t say about pensions
I am sure that if the ABI and PLSA had written the budget , the implementation of the 2017 AE reforms, (the ones that hike up personal contributions for those on low incomes). would have been a headline item. But … Continue reading
The budget’s NI cut’s a throttle on salary sacrifice.
“Pension schemes will not thank Mr Hunt for his announcements today. Their responsibility must be to their members, not changing with the winds of government policy or party. But with other changes on the horizon and regulatory pressure coming … Continue reading
Cohen and Scoffin on the freehold rip-off that costs leaseholders and renters dear.
At one of my favorite Playpen coffee morning’s ever, Norma Cohen and Harry Scoffin delivered a fabulous Q&A on the issues surrounding freehold and leaseholds – especially as they touch pensions. If you couldn’t watch live, – watch the video … Continue reading
People’s “strategic overhaul” of its fund is underwhelming
I’m not sure what is going on at People’s Partnership or People’s Pension. Will someone explain what the people are getting? It doesn’t look like a partnership or a pension right now. At … Continue reading
Something good coming out of City of London (shock)
I found myself last night, talking to a group of investment experts at the Investment Association, a place I had never expected to be admitted to – let alone welcomed to – following the long arguments of the last decade … Continue reading
We have to earn our tax cuts
Earnings come from work – productive work. Earning pay for things – they provide us with the means to pay household bills and the nation to meet its obligations to its citizens. This week we saw one major council … Continue reading
Join us this morning to stop the freehold pension scam.
This morning’s session of Pension PlayPen will see two campaigners at opposite ends of their career , speak out with one voice against the ongoing calamity of our freehold/leasehold system of home ownership. Norma Cohen , should be know to … Continue reading
A sensible outcome to the General Levy Consultation
There are two ways to react to the Government’s u-turn on their “option 3” proposal for the General Levy. Option 3- aka “the nuclear option ” would have seen small occupational schemes having to stump up an extra £10,000 in … Continue reading
The parable of mistaken fiduciary duty
It seems that we fear performance tables for DC schemes will lead to “risk aversion” as trustees choose not to invest but put member’s money “under the bed”. Professional Pensions seem to have tapped into the prevailing zeitgeist on “fiduciary … Continue reading
DWP’s consultation on DB Options – a “sighter” from Keating and Clacher
DWP’s Consultation on Options for Defined Benefit schemes In looking at this consultation, it suffers the same problems evident in the Impact Assessment published alongside the DWP’s draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations, being based … Continue reading