Tag Archives: HM Treasury

Budget – Labour Market Measures – the facts / the spin

This is how the Government wants you to think about its labour market measures. Thanks to the DWP for forwarding. Spring Budget 2023 factsheet – Labour Market Measures In the Spring Budget we are setting out a package of measures … Continue reading

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A Roadmap for Increasing Productive Finance Investment

  A Roadmap for Increasing Productive Finance Investment We consider here the case for investment in less liquid assets and the current DC pension scheme landscape as set out in “A Roadmap for Increasing Productive Finance Investment”. We note first … Continue reading

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A McCloud(ed) judgement where costs may be shared.

On the face of it , the McCloud judgement looks like a civil service cock-up on a grand scale, costing the Government billions in what were thought “saved” revenues and compensating civil servants who already have gold plated pensions for … Continue reading

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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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