Tag Archives: HMT
We are planning for pensions to fail and that is not a way for Britain to grow,
This appears in Mary McDougall’s timeline for her recent posting, I guess it was two months ago that this snippet appeared and I missed it but it seems rather more important since the Aberdeen/Stagecoach Pension deal. There is a future … Continue reading
Public Policy Adjustments to Increase UK Investment from Defined Benefit Schemes
Defined Benefit Schemes : Public Policy Adjustments to Increase UK Investment and Encourage Exercise of Discretion Policy Opportunities for HMT / DWP / DBT From William McGrath of C-Suite The impact of the measures below would be to increase investment … Continue reading
We have a Government that respects pensions – let’s be thankful.
Politics are playing the right way right now. The Pension Minister has never got the prominence that Torsten Bell got last week when making announcements on how pensions were an important part of British pension policy. There is a video … Continue reading
Posted in pensions
Tagged Exchequer, HMT, LGPS, Pensions, Public Pensions, Rachel Reeves, Torsten Bell
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DO NOT READ THS REPORT – If you think nothing is going to change.
At yesterday’s Pension PlayPen coffee morning we had the forward thinking Julius Pursaill talking about fiduciary responsibilities. There was frustration in the room, we were talking about a world which was not changing. It was before the publication of Hymans … Continue reading
Government bags pension windfalls from “bad banks”.
The FT is running a story about the Government snaffling a £100m surplus as it takes the assets and liabilities of the Bradford and Bingley and Northern Rock (BBB) defined benefit schemes onto its balance sheet. UK Asset Resolution … Continue reading
A proposal to Treasury to improve DC defaults (and saver outcomes)
The big issue for the PLSA conference and indeed the PLSA is how it should respond to the Government’s call to celebrate risk and reintroduce it into the pension schemes within its scope. There have been calls for the mandation … Continue reading
The state pension age – on the frontline.
The last week in March saw no less than three reports on the state pension age (SPA). The Government Actuary (GAD) focussed on the ratio between workers paying taxes and pensioners benefiting from them. Baroness Lucy Neville-Rolfe came up … Continue reading
The mass affluent , the MPAA and the cost of living.
The Money Purchase Annual Allowance (MPAA) is often cited as a vindictive tax that punishes people for exercising their pension freedoms and drawing down on their pension pot from as early as 55. It was however introduced to protect … Continue reading
Posted in pensions
Tagged AJ BEll, annual allowance, DWP, HMT, mass-affluent, MPAA, Treasury
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Thoughts on “death and taxes and pensions”.
Here is how the Institute of Fiscal Studies concludes its report into the taxation of DC pots when the owner of the pot dies. I whole heartedly agree with the analysis and conclusions of this report. Conclusion Whether by accident, … Continue reading
Who pays the pension bill? HMT asks awkward questions
The Telegraph is floating a story that the Chancellor is considering scrapping higher rate tax-relief (currently reducing the cost of paying a pension contribution by up to 45%) so that there is a universal incentive to save , based on … Continue reading