Chancellor
Pensions payable under new coronavirus job support scheme
Pension contributions and class one employer National Insurance (NI) contributions remain payable by employers making use of the government’s coronavirus job support scheme.
A Covid-19 tax relief raid could exacerbate generational pensions divide
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Channelling the chancellor's creativity for long-term retirement saving
Steve Charlton looks for an equitable way to incentivise saving for retirement.
Summer statement: State to pay more pension contributions under Kickstart Scheme
Government plans to create jobs for 16-to-24-year-olds will see the state paying employer pension contributions, it is expected.
Employers to pay furloughed staff pension contributions from August
Employers will be required to pay a proportion of furloughed staff costs from August, Rishi Sunak has announced today.
Tapered allowance thresholds confirmed to rise by £90,000
The government will raise the two tapered annual allowance thresholds by £90,000 in a bid to reduce the tax impact on high-earning NHS staff.
Budget confirmed for 11 March after Javid's departure
Chancellor of the Exchequer Rishi Sunak has confirmed the government will go ahead with its Budget on 11 March, despite Sajid Javid’s resignation.
FCA's Bailey confirmed as Carney successor at BoE
Financial Conduct Authority (FCA) chief executive Andrew Bailey has been confirmed as the next Governor of the Bank of England (BoE).
Government confirms November Budget
HM Treasury has announced that the government’s next Budget will take place on 6 November, although this depends on the outcome of the Brexit negotiations.
Five stories you may have missed this week
This week's top stories included warnings that defined benefit (DB) transfers could become more difficult for trustees to process after regulatory register changes.
Spring Statement: OBR revises down 2019 growth forecast as Hammond eyes Brexit 'deal dividend'
UK gross domestic product (GDP) is set to grow by 1.2% in 2019, less than the 1.3% forecast in the 2018 Autumn Budget, but the economy will expand over the each of the next five year's, Chancellor Philip Hammond said in today's Spring Statement.
Health secretary pushes chancellor for NHS pension tax reform
Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.
Pensions need more government focus following Budget
Nigel Peaple says the government should set a clear objective for tax relief as the first step in making the system work better for savers
Eight Budget announcements for the pensions industry to note
Philip Hammond's 2018 Budget speech was entirely devoid of any mention of pensions, but the documents do include some things for the industry to take note of. Professional Pensions rounds up the eight key Budget plans and shortcomings.
Chancellor ignores net-pay pensions tax relief anomaly; Branded 'missed opportunity'
Philip Hammond has failed to address the net-pay anomaly affecting lower-paid earners who are missing out on tax-relief on their pension contributions in today's Autumn Budget.
Budget 2018: FCA to consult on pooling DC funds into patient capital; DWP to consult on charge cap
The Financial Conduct Authority (FCA) will launch a consultation on updating the permitted links framework to allow unit-linked pension funds to invest in an appropriate range of so-called 'patient capital' assets.
Budget: Public sector schemes to move to CPIH 'when and where practicable'
The government will gradually adopt a version of the Consumer Prices Index (CPI) which incorporates housing costs for pension funds and index-linked gilts, it confirmed today.
Treasury rejects tax relief reform citing 'significant impact' on schemes
The government has rejected the Treasury Committee's call for fundamental and incremental changes to pensions tax relief, noting there is "no clear consensus".
PLSA urges Hammond to address five pensions priorities in Budget
The government needs to boost pension schemes' access to illiquid investments, remedy the net-pay tax relief anomaly, and focus on securing a "successful Brexit" for pensions in its upcoming Budget, says the Pensions and Lifetime Savings Association (PLSA)....
Pensions tax relief faces cut as government seeks funding for NHS
Chancellor Philip Hammond is set to announce cuts to pensions tax relief in his Budget later this month in order to raise revenue to pay for NHS funding commitments, according to reports.
Govt urged to take action on net pay anomaly as experts sign letter to chancellor
Industry heavyweights have urged chancellor Philip Hammond to take action on the net pay pensions tax relief anomaly which affects lower-paid earners.
Trustees should be proactive on DB transfers, says industry
Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.
Treasury confirms Budget date; Radical tax relief reform 'more likely'
Chancellor of the Exchequer Philip Hammond has confirmed he will deliver the government's annual budget on 29 October.
Tax rules and pensions: A very toxic mix
Malcolm McClean questions whether we really need the complex tapered annual allowance, lifetime allowance and money purchase annual allowance at all
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