Tag Archives: personal pensions
Personal Pension providers opening doors for the unloved consumer
I’ve been talking a lot about collective pensions to the point that you may think I’m disinterested in”pots” arising from DC pension saving. This is not the case. This blog is about an excellent report produced by this group of … Continue reading
When pension tax avoidance become pension tax evasion
HM Revenue & Customs said on Thursday that from September 1 it would be “lowering the threshold” for requiring evidence in support of requests for pensions tax relief. Claims by telephone will also no longer be accepted and must be … Continue reading
Posted in pensions
Tagged Contribution, Net Pay, Pensions, personal pensions, salary sacrifice, tax aviodance, tax evasion
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PensionsOldie and the risks of closed personal pensions.
There are a string of comments on my recent blogs suggesting that 7% would be a sensible conversion rate for DC pots defaulting to retirement income. But Pensions Oldie sees potential problems of making promises without protecting you from people … Continue reading
Long on governance, weak on innovation; 2022/3 IGC reports.
IGC’s class of 2023 This year that I only gave one red score to an GC report. This is because the IGCs are operating to a proper standard and trying to do its best for their consumers. The red that … Continue reading
“The most kindest cut of all” – axing IHT exemptions would do pensions a favor.
My advice to the Treasury is simple “make DC pension pots taxable as part of the inheritable estate”. It’s a tax break we can do without The situation at present is like this Take your money out of your pot … Continue reading
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Tagged annuity, IHT, Income tax, inheritaince tax, Pensions, personal pensions, Tax
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Will the cost of living crisis lead to a run on the (pension) pot?
Around the turn of the century I wrote my first Government pension consultation response., it was for Eagle Star and was supposed to have been signed off by someone in policy. It wasn’t and it went to Government including … Continue reading
What are we to make of the Financial Ombudsman?
The Financial Ombudsman’s annual report – published yesterday – shows strong demand for its services. But the perception of what FOS does seems to be wider than it should be. Many people use FAS as a money advice service , … Continue reading
Posted in advice gap, pensions
Tagged Financial Ombudsman, FOS, Ombudsman, personal pensions
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Small employers need a voice in the AE review
Yesterday I reported on the male hegemony of the three chairs of the advisory groups for the Automatic Review. There is a little diversity in the composition of the rest of the group. It’s comforting to see familiar names who … Continue reading
Money Box Live this lunchtime- penalty fees on pensions?
I’m more excited than ever this morning as later I’ll be cycling up to Broadcasting House to talk on Money Box about the Chancellor’s plans to cap early redemption fees on pensions with Claire Trott and Paul Lewis. It’s going to … Continue reading
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Tagged BBC, Boris Bikes, Claire Trott, money box, Paul Lewis, Pension Plowman, personal pensions, Retirement, Savings, stakeholder pensions
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Why we will have to wait for our freedom.
A prospect of market failure The sentence may have been over-turned but the prisoner is not free. At best he can wander the prison yard but the prison gates remain locked and even when they open , the pension will … Continue reading
Posted in pensions
Tagged annuity, Chris Noon, dc pensions, Defined benefit pension plan, defined benefit pension schemes, Dispatches, DWP, Employment, Freedom and choice in pensions, Hymans Robertson, pension freedom, Pension new, pension playpen, pensions, personal pension, personal pensions, Retirement, Steve Webb
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