Tag Archives: Treasury

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

Posted in pensions | Tagged , , , | Leave a comment

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

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

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

Posted in pensions | Tagged , , | 1 Comment

ABI sets out how auto-enrolment can work better for insurers.

    Insurers have long benefited from Government pension policy in building up their funds under management. Lobbying from the ABI has led to the establishment of personal pensions which have been used not just as a means of accumulating … Continue reading

Posted in pensions | Tagged , , , , , | 2 Comments

“No better time to extend auto-enrolment than now”. Webb hits out at Treasury as “blockers”

It was good to see Steve Webb back in parliament, if only for the Work and Pensions Committee’s discussion yesterday morning  questioning key players past and future Witnesses Panel 1 Sir Steve Webb Baroness Jeannie Drake Baroness Ros Altmann Panel … Continue reading

Posted in pensions | Tagged , , , | Leave a comment

On state pension conspiracy theories.

Two and a quarter years late, this blog is an answer to Ruth Gilbert’s question. I’m not sure why it has re-emerged on my timeline, but now is a good time to get a layman’s assessment of what we can … Continue reading

Posted in pensions | Tagged , , , , | 3 Comments

Who pays the £200bn bill to protect our state pension?

  First they suspended the triple lock The triple lock has been in place for over 10 years, here is now it has done so far. The Government afforded these increases out of revenues and have made successive promises to … Continue reading

Posted in pensions | Tagged , , , | 1 Comment

KEEP CLEAR- unexploded pension bomb

The DWP’s full frontal assault on poor value occupational pensions will be launched shortly.  The intent of Guy Opperman and his policy team at the DWP is to consolidate the occupational DC pension market with intent to improve member outcomes. … Continue reading

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

What’s the Long Term Asset Fund and will it work?

The ‘Long Term Asset Fund’ (LTAF) will be launched within the year to provide long term alternative and innovative investments. I’m quoting here from a paper send by my Swedish friend Per Andelius and written by the lawyers CMS The … Continue reading

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

Are unicorns just for little girls?

I don’t often agree with my friend Steven Groves (at least not on social media) but we found common ground yesterday after I argued that the charge cap needs a carve out to accommodate performance fees when something goes really … Continue reading

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