Tag Archives: Treasury

What does the Government really have in mind for the PPF?

As the FT reported yesterday, the Treasury appears to be mulling over breathing fire back into DB by converting the PPF into a means for the sponsors of small and struggling DB schemes to offload their schemes. This would mean … Continue reading

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Top lawyer warns against precipitous action over LTA (shock)

Rosalind Connor’s presentation and Q&A on the taxation changes to pensions in this year’s Finance Bill make for a good watch. As usual we’ve made the session available to those who couldn’t make it yesterday – and it was great … Continue reading

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Why special pleading on the MPAA brings “pensions” into disrepute

In a letter to the Treasury ahead of this month’s Budget, more than a dozen companies, including leading pension groups and trade associations, have urged ministers to change the rule that governs how much can be saved into a pension … Continue reading

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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

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Opperman and Stride give pensions a dream result.

Social media never sleeps 20.06: Guy Opperman appointed MoS at DWP This announcement had yet to appear on the Government’s Ministerial website , the headline is from Order Order – the unofficial news channel for the Westminster Village, Breaking news came from … Continue reading

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Mel Stride takes over at DWP – pensions should celebrate.

Restoring the public’s confidence in pensions took a big step forward yesterday.  Mel Stride was appointed to be Secretary of State (SOS) for the DWP. It means that for the first time since David Gauke held the post, we have … Continue reading

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LDI – where next?

  The debate on the future of LDI can be polarised by comments of two highly respected figures who have been active in the bond market for decades. Dawid Konotey-Ahulu said to the FT that there was “no doubt” schemes … Continue reading

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Pension politics are back – will they be noisy?

  It is two-and-a-half months – 76 days – since Boris Johnson said he was resigning as prime minister, draining his already crippled government of its remaining authority. And then, a little over 48 hours after Liz Truss became prime … Continue reading

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Pension Schemes lose inflation ruling to the great relief of the Treasury.

Three pension funds took the Treasury to the High Court over changes to the retail price index and yesterday they lost. What this means to the schemes is that a lot of RPI linked gilts (linkers) will pay out less … Continue reading

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HMRC’s smokescreen leaves multi-jobbers without a pension

NEW: UK tax system “not currently capable” of bringing low earners with multiple jobs into automatic enrolment #pensions, says Treasury minister.https://t.co/mFuDm0zCRf pic.twitter.com/A3Ly6vQPZQ — Josephine Cumbo (@JosephineCumbo) July 1, 2022 John Glen’s response to Stephen Timms’ Work and Pensions Committee’s inquiry … Continue reading

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