Tag Archives: Treasury

The Treasury could make muppets of us all!


  With something like 50m as a target customer base, the Treasury’s announcement that they will be allocating £5m to the Pensions Dashboard , suggests it is worth around 10p per tax-payer next year. My maths might be deficient , … Continue reading

Posted in age wage, pensions | Tagged , , , , , , | 1 Comment

Pension Tax Reform is the “art of the possible”.


  Everyone knows that pension tax-relief is broken and those who try to cling on to the current system do out of vested self-interest (and I include one former pensions minister in that statement). Wealth managers have come to view … Continue reading

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So what’s unfair about a Pension Wealth Tax?


In this article I argue that any tax increases levied on the rich are ok by me, and I’m rich. The bias of vested interest The vast majority of people get tax relief on their pension contributions. Some people are excluded by … Continue reading

Posted in accountants, Henry Tapper blog, pensions | Tagged , , , , , , , , | 5 Comments

Schools staring into a pension “abyss”


  Contrary to indications that the Teachers’ Pension Scheme (TPS) employer contributions for 2019-20 would be set at 19.1%, schools have now been told  that the figure from September 2019 will be 23.6%. The Teachers Pension Scheme, along with all … Continue reading

Posted in accountants, pensions | Tagged , , , , , , , , , | 8 Comments

Thinking the unthinkable – Frank’s at it again!


For a third inquiry in a row, Frank Field and the Work and Pensions Committee (WPC) – are asking difficult questions that need proper answers. Firstly they asked if the pension freedoms were working – a question that led to … Continue reading

Posted in Big Government, Carillion, CDC, Dashboard, dc pensions, pensions | Tagged , , , , , | 1 Comment

Transfer carnage at BSPS – the truth revealed


The full impact of transfers on the British Steel Pension Scheme has been revealed in this perfunctory tweet The British Steel Pension Scheme has paid just over £1.5bn from around 4000 DB transfers to date. Around 3700 transfers still to be processed. … Continue reading

Posted in annuity, BSPS, pensions | Tagged , , , , , , | 14 Comments

A tale of two cities – ABI and #TUCpensions


  It was a straight choice. Pay £500 + VAT and hear the Treasury talk about financial services in Bishopsgate or Pay £0 + VAT and hear the DWP talk about pensions. It wasn’t a hard one. Guy Opperman , … Continue reading

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Innovative pensions for the mass of us!


In its Retirement Outcome Review (interim report), the FCA were clear on  evidence of a problem The blame lies not with thick consumers but with lack of competition If competition is not working effectively and consumers make uninformed retirement income decisions this could lead to … Continue reading

Posted in advice gap, auto-enrolment, DWP, pensions | Tagged , , , , , , , | 7 Comments

Three cheers for the FCA Asset Management Market Study


I  got to read MS15/2.3 last night. It was a good read. It’s long and detailed but it’s key findings and remedies are short enough to be listed here. There are the remedies that need a little more consultation;-  that … Continue reading

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Pensions before politics!


  It must be odd to hear your job is up for grabs in six weeks time. Even with a 10,000 majority, Richard Harrington MP – our Pensions Minister –  must have been a little flustered by the announcement from … Continue reading

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