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Tag Archives: Treasury
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
Posted in pensions
Tagged AJ BEll, annual allowance, DWP, HMT, mass-affluent, MPAA, Treasury
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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
Posted in pensions
Tagged DWP, Guy Opperman, LDI, Mel Stride, Pensions, politics, Steve Webb, Treasury
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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
Posted in pensions
Tagged Conservative, DC DWP Pension, DWP, HMT, LDI, Mel Stride, Pensions, Rishi Sunak, Sunak, Treasury
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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
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
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
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
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
“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
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