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
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here