Tag Archives: Treasury

Bim gets his feet out of the “wet cement of institutional rigidity”

Posted on December 6, 2023 by henry tapper

Last week I reported on Bim Afolami’s bold bold new approach to regulating the regulators This week , I decided to pedal over to Old Queen Street, by the Treasury, to witness this wise-cracking lawyer, banker and now Minister in … Continue reading →

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Cost disclosure for investment trusts – Treasury takes charge

Posted on November 15, 2023 by henry tapper

Following Ros Altmann and Sharon Bowles assault on the misinterpretation of EU regulation over investment trust cost disclosure, I understand that the matter was also discussed in the House of Commons , drawing this comment on linked in.   Investment … Continue reading →

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“No use crying over pensions” – Arun Muralidhar’s DC reset.

Posted on November 1, 2023 by henry tapper

SeLFIES (Standard-of-Living indexed, Forward-starting, Income-only Securities). The SeLFIES bond is a single, liquid, low-cost, low-risk instrument, easy-to-understand for even the most financially unsophisticated individual, because it embeds accumulation, decumulation, compounding and inflation-adjustments. SeLFIES is good for governments too, as the … Continue reading →

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Stephen Timms asks the PRA what they are up

Posted on September 15, 2023 by henry tapper

Yesterday I wrote about a meeting between the regulatory sub-group of the Treasury Select Committee with members of the PRA and in particular Sam Woods, its Deputy Governor. On the same day that meeting was going ahead, Stephen Timms sent … Continue reading →

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A Treasury pension intervention that’s not about tax

Posted on July 10, 2023 by henry tapper

No wonder Laura Trott has been quiet on private pension reform lately, she has a megaphone rather better than Big Zuu A central plank of the reforms that will be unveiled tonight by Jeremy Hunt will be the VFM Framework … Continue reading →

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Will private markets raise returns on our pension savings? The case is ,as yet, unproven

Posted on June 25, 2023 by henry tapper

The cynical view is that having run out of runway on the private finance initiative, the Government has turned to pensions to finance the transformation of UK infrastructure and fund the growth needed in companies that can make a difference … Continue reading →

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

Posted on May 27, 2023 by henry tapper

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)

Posted on April 19, 2023 by henry tapper

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

Posted on March 3, 2023 by henry tapper

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.

Posted on February 16, 2023 by henry tapper

  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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