Tag Archives: HM Treasury

HMRC and FCA complicit in the democratisation of villainy.


If the FCA want to get to grips with the problem of contingent (conditional) charging, they had better have a look at the taxation of advice and make changes in the Finance Act 2018 to the way we tax advice. First … Continue reading

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Is there any “challenge” to this Pension Dashboard?


I was invited yesterday to the Treasury’s “Challenge Panel” , held to discuss the proposals for the pensions dashboard, a prototype of which will emerge next month. Actually, I wasn’t invited – I went in someone else’s place. I went … Continue reading

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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

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“A bit of a balls up- to be frank!”


If you turn left out of the back of the Treasury and walk down to Caxton Street you’ll find the offices of the DWP. If you turn right out of Caxton Street, you’ll come to the Treasury, it’s a five minute … Continue reading

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Bringing down the cost of advice #FAMR


The Financial Advice Market Review asks whether Britain can bridge the advice gap for those people who “want to work hard, do the right thing and get on in life but do not have significant wealth”, strip out the political … Continue reading

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WOW – RDR II just broke out!


The FCA have launched what they call “a major new review looking at how financial advice could work better for consumers”. A quick scan of the Terms of Reference of this Financial Advice Market Review suggests it is as ambitious in … Continue reading

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Citizen’s Advice- the place to get pension guidance


George Osborne has announced the Citizen Advice Bureau as the delivery mechanism for face to face guidance over the new pension reforms. The Treasury announcement is here. This doesn’t come as a surprise – CAB had been after the work and … Continue reading

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“Annuities George, what took you so long?”


We have failed 1.5m annuitants- what took us so long? Continue reading

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Lord Hutton, longevity and financial planning


I would go beyond Lord Hutton’s immediate proposals and suggest that we have a series of key valuation factors for all the various forms of pensions we belong to. These factors would provide a benchmark , deviation from which would be justified by specific, clearly disclosed circumstances.
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Fake tax for the rich, real cuts for the rest


The Treasury stand accused of faking a £4bn pa tax on 100,000 of the super-rich. George Osborne stands accused of using this fake tax to justify draconian cuts on the wider population.

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