Category Archives: Treasury

Have the Treasury got a pension plan – or just a jerky knee?

You might not like the thought of paying tax on your pension contributions, but it’s coming   They’ve done it once and they could do it again. The Treasury could change pension saving as radically as they changed pension spending. … Continue reading

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

Treasury flies a pension kite on a stormy weekend

For as long as I’ve been advising on pensions, the weeks running up to the budget have been filled with rumours of draconian reductions in the subsidies available to the rich to featherbed their retirement. This FT story has the … Continue reading

Posted in age wage, pensions, Politics, Treasury, welfare | Tagged , , , | 3 Comments

More argy-bargy in pension’s tax-trenches

  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

What “fair pensions” might mean in the next five years.

  Jim Coney writing in the Times , explains his thinking on pensions tax-relief. He is right to point to the likelihood of major reform of the current system within the next 5 years. If the Conservatives are going to … Continue reading

Posted in pensions, Treasury | Tagged , , , , | 2 Comments

Pension tax transparency a long way off

    The malaise  with pension taxation goes much deeper than the immediate symptoms, the complexity of the Annual and Lifetime allowances, the obscurity of the money purchase annual allowance and the perversity of the running both net pay and … Continue reading

Posted in pensions, steve webb, Treasury | Tagged , , , , , , | 2 Comments

“A local solution – not a pension reform” the new NHS pension consultation.

Consultations on clinicians pensions are queuing up like ambulances outside AE. The last consultation was launched on July  22nd and has barely been read before being superseded by a new one to be launched “over the summer” which will go … Continue reading

Posted in NHS, pensions, Treasury | 11 Comments

What is the net pay anomaly?

      UK government spending on pensions and top-up benefits for pensioners amounts to 5.9 per cent of GDP – and this figure is projected to increase to 6.3 per cent over the next half century. In addition, the … Continue reading

Posted in advice gap, auto-enrolment, pensions, Treasury | Tagged , , , , , | 2 Comments

Pension Tax Reform is the “art of the possible”.

  Everyone knows that pension tax-relief is broken and those who try to cling on to the current system do out of vested self-interest (and I include one former pensions minister in that statement). Wealth managers have come to view … Continue reading

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Why we should be proud to invest our savings in real assets!

  My blog yesterday on USS attracted a lot of attention on social media and some interesting comment. This from Ros Altmann – a blog in its own right; Excellent piece Henry. There is insufficient differentiation in this DB debate … Continue reading

Posted in actuaries, infrastucture, investment, pensions, Treasury | Tagged , , , , , , , | 2 Comments

The value to me of “set and hold”!

  The FT is masterful with understatement. A 2% charge can take quite a chunk out of the overall portfolio return If your predicted investment return is (say) inflation +3%, having to earn 2% to pay your investment manager, custodian … Continue reading

Posted in actuaries, advice gap, pensions, pot, Treasury | Tagged , , , , , , | 2 Comments