Tag Archives: Financial services
Tax relief may be safe but our pensions aren’t
I wrote yesterday about the shock announcement from the Treasury that it wasn’t going to do anything about pension tax relief. Normally the Treasury does nothing about tax relief without telling us, which was great for financial advisers who saw a … Continue reading
Posted in pensions
Tagged Business, CBI, CIPP, Financial services, Osborne, Payroll, pension, pensions, tax relief
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Beware false prophets!
Before breathing a sigh of relief, the pension industry should remember the diversionary tactics put in place by the Treasury prior to the introduction of Pension Freedoms , the budget before last. Tax relief- as it impacts you and me- … Continue reading
Posted in pensions
Tagged Business, Financial services, pension, pensions, Retirement, tax relief
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Hughes v Royal London – a sorry state of affairs.
It’s not often that I read a legal judgement in full but that’s what I’ve just done, to understand how Ms Hughes has successfully won a cased which allows her to send her hard earned pension savings to a fund … Continue reading
The golden key (to pension taxation)
The golden key to pension taxation unlocks pensions for the silent majority of people in this country who have no interest in “pensions”. The golden key unlocks money currently spent incentivising the wealthy to preserve wealth and allows those who need … Continue reading
Posted in pensions
Tagged auto-enroment, change, EET, Employment, Financial services, golden key, Osborne, pension, pensions, Retirement, Tax, Taxation, TEE, Treasury
3 Comments
Are mastertrusts safe?
Is it good enough that pension schemes can operate without ANY capital adequacy requirements That’s the question posed by FT’s Jo Cumbo and as that old adage “50% of people don’t know what “50%” means” goes to show, most people … Continue reading
Posted in pensions
Tagged auto enrolment, Financial services, pension, pensions, Retirement, trust mster trust, Workie, workplace pension
4 Comments
Choosing our “Workie”- how hard can we make it?
This week and for weeks to come , I am out and about talking with the payroll partners of large accountancy practices who feel they have no choice but to help their employer clients through auto-enrolment. I’m doing this work … Continue reading
Posted in pensions
Tagged accountancy, accountants, auto enrolment, Financial services, net-pay, Payroll, pension, relief at source, Workie, workplace pension
2 Comments
And time goes on – and so do I
If this isn’t a line from a Johnny Cash or Hank Williams song, then I may have just written the history of Country and Western in one line! Time does go on, we are now well into the next critical … Continue reading
Posted in pensions
Tagged Business, choice, FCA, Financial services, pension, pension playpen, pensions, Retirement, The Pensions Regulator, workid, workplace Pensions
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No way to run a private pension system
How can the lifetime allowance possibly be part of a sustainable system of pension taxation? Good news for those unprotected pension savers who have more than £1m in your pension pots- you probably won’t be paying 55% exit penalties – … Continue reading
Posted in pensions
Tagged Business, DWP, Employment, Financial services, Government, HM Treasury, pension, Pension new, pensions, Retirement, Tax, Treasury
2 Comments
All at sea! TPR’s “Trafalgar” for maritime and offshore workers.
Well done Lesley Titcombe and hurrah for our best naval victory since Trafalgar! Continue reading
Posted in auto-enrolment, now
Tagged auto enrolment, Business, de-risking, DWP, Employment, Financial services, Lesley Titcombe, National Employment Savings Trust, NEST, offshore workers, pension, Pension Poverty, Pension Regulator, pensions, Politics, Retirement, Ros Altmann, Seafarers, Society, TPR
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Pensions need to be sold for the sausage not the sizzle.
A great observation from Steve Groves, CEO of partnership this morning. @henryhtapper @tcfDAN @clivewaller healthy people were buying to early. Lie expectancy increased 10yrs and annuitisation age didn't move… — Steve Groves (@Sjg3G) January 12, 2016 By “buying” Steve means … Continue reading
Posted in pensions
Tagged advice, annuity, auto enrolment, Business, Business and Economy, dc pensions, DWP, Employment, Financial services, Government, National Employment Savings Trust, Pension new, pension playpen, pensions, personal pension, Retirement, Sausage, sizzle, Steve Groves
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