Tag Archives: Universal Credit

Guy Opperman – hard hats will be needed!

Honoured to be asked to take on this very important job. https://t.co/a89GlNqlPc — Guy Opperman (@GuyOpperman) November 7, 2022 As minister of State for employment, Guy Opperman has some immediate challenges. He inherits some of the highest employment figures we … Continue reading

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‘Normal service will be resumed by the end of October 2021″ -DWP

I hope Guy Opperman’s promise that those due their state pension , some for 6 months or more, will get their payments with more than an apology. The short term blip in service is being blamed by the Minister on … Continue reading

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“My pension stole my benefits!”

Gareth Morgan has , until now, been a lone voice, howling at the moon on the plight of the low paid faced with decisions on how to spend their pension pot. “Until now” means that he is now joined by … Continue reading

Posted in annuity, auto-enrolment | Tagged , , , | 3 Comments

What is MAPS doing for the elderly poor?

Why don’t those poor and old claim their benefits? It’s benefits not savings that top up the in retirement income of millions of British citizens, but the amount of time devoted to benefit take-up (as compared to savings rates) is … Continue reading

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DWP – should the top topple when the spinning stops?

I can’t remember another occasion when a Government department was stopped from lying to the people it serves by a Government agency. But that is what happened yesterday. The fact is that the Advertising Standards Agency has banned four of the … Continue reading

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Managing pension expectations – are we doing enough?

This is one of those blogs where my focus is on big Government – or policy – rather than the little things that go into making political strategy happen. For a long time, as long as I’ve been working, there … Continue reading

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Why we should not be shut up about pensioner poverty – it exists and it shouldn’t.

If you’d been at the ICAS “how to avert the pension crisis” debate on Tuesday, you’ll remember that part of the conversation when we discussed the Institute of Fiscal studies’ contention that we were having difficulty spending our retirement savings. … Continue reading

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The impact of low pension savings on retirement incomes – Gareth Morgan

Income certainty and low pension savings There is concern, increasingly voiced, by some well-informed commentators, about some of the consequences of the pension freedoms. The complexity of choices, the lack of knowledge of most pension savers and the actions of … Continue reading

Posted in actuaries, advice gap, pensions | Tagged , , , | 1 Comment

Where does all our money go?

Two of the big three revenue sources are income tax and national insurance, they’re the ones who hurt the well off. The third biggie -VAT is the one that hurts the poorest. Poor people pay VAT at the same rate as … Continue reading

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“Fair and True” applies to the DWP too!

Steve Webb has a public policy success on his hands but if he’s to capitalise on the good news from large employers, he’s going to take a few bullets now. Continue reading

Posted in advice gap, auto-enrolment, pensions | Tagged , , , , , , , | 8 Comments