UK - Documents released by the UK Treasury late last week show Gordon Brown had received prior warning from Treasury advisers of the devastating effect his 1997 removal of the tax credits for corporate pension funds would have.
The removal of the tax credits on dividends in 1997 was among Brown’s first major changes as chancellor and came at a time when many large corporate schemes still enjoyed a huge surplus in funding ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date