Tag Archives: Government
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
Government Pensions? Who’s money is it anyway?
The vast majority of the money outstanding to those who work and have worked for Government is to be paid as pension. The Government’s pension debts – for its own people – have been estimated in the Whole of Government … Continue reading
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
A right to debate or a right to restitution? #WASPI
For many of us, men retire at 65 and women at 60, that was hard coded into our learning like the multiplication tables and it’s clearly quite hard to unlearn. Steve Bee makes a good point on twitter "When is … Continue reading
Can the Government tough it out with #WASPI?
The Government were defeated on a back benchers debate 158 votes to 0. The vote was over the introduction of changes to the state pension age for women, resulting from legislation introduced in 2011. The Government’s response appears to be … Continue reading
Auto-Enrolment must learn from WASPI
Over 100,000 people have signed the WASPI petition demanding that Government review the increases in state pension age for women in their fifties. I admire the WASPI women for bypassing the usual channels and making their point directly to Government. They’ve proved … Continue reading
Ros Altmann’s first big political test
The WASPI petition is now in the hands of a small group of parliamentarians who decide whether the petition’s 100,000 signatories have enough of a point to trigger a parliamentary debate. Large as 100,000 is, it is not so politically … Continue reading
Aren’t we our century’s spoiled brats?
Another year,another sensational headline from your “pension puncturing” Daily Express. It’s not a new story, its facts are from the Pension Institute study published last year. So long as interest rates remain low, pension liabilities will be inflated and pension … Continue reading
Can the pension insurers win back their customers’ respect?
IGCs are ours to use and not the insurers to castrate. Continue reading
Tidings of great joy from the ICAEW
Auto-enrolment is a worry to accountants. Estimates are pretty consistent that around two thirds of all employers staging auto enrolment will look to accountants for compliance with auto-enrolment regulations and help with choosing and setting up a workplace pension. Unfortunately … Continue reading