HM Treasury
Government rules out review into impact of pension tax relief
The Public Accounts Committee’s recommendation that HM Revenue & Customs (HMRC) should conduct a review into the impact of pensions tax relief has been ruled out by government.
Transparency Task Force publishes open letter to PM following meeting on pension scams
The Transparency Task Force (TTF) has published an open letter to prime minister Boris Johnson asking him to take a personal interest in pension scam problems and push for legislative flexibilities for scam victims.
Autumn Budget cancelled amid Covid-19 crisis - reports
The November Budget will not go ahead due to the ongoing coronavirus crisis, according to reports.
Industry raises significant concerns over FCA consultation on advising on pension transfers
The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated...
HM Treasury sets out tax measures to enable CDC schemes from next year
The Treasury has published draft tax legislation to enable collective defined contribution (CDC) schemes from next year.
Five stories you may have missed this week
This week’s top stories included an announcement from The Pensions Regulator at PP Live which confirmed a consultation on changes to its code of practice will open this year, while the Pension Protection Fund revealed a small improvement in defined benefit...
GAD and DHSC increase tax flexibilities for NHS Pension Scheme
Senior clinicians within the NHS Pension Scheme will receive extra assistance to adjust their pension accrual to fit within tax allowances.
Two-thirds of pension firms cut gender pay gaps
Asset managers have made considerable improvements in their gender pay gaps, with an average narrowing of 2.6 percentage points, Professional Pensions analysis finds.
The Treasury must make a quick decision on RPI
With wider funding challenges and the need to play for the long-term, any change to inflation indexation must be swift and firm, says Sir Steve Webb.
AE benefits apparent despite savings lull
The Department for Work and Pensions (DWP) revealed savers are sticking with the auto-enrolment (AE) saving habit as the "pensions revolution continues".
Lessons for policy change
Auto-enrolment reforms have transformed the UK’s pension system. Nick Reeve looks at latest research examining the lessons to be learned from the process.
Scottish health secretary demands 'decisive action' on NHS pensions
Scottish health secretary Jeane Freeman has written to chancellor Sajid Javid demanding he find a solution for heavily-taxed senior NHS workers in his upcoming Budget.
NHS: Pension tax problems will cause staff exodus
Almost half (44%) of clinical and non-clinical trust executive directors are considering or planning to leave the NHS in the next two years due to pension taxation, according to NHS Providers.
Five stories you may have missed this week
This week’s top stories include reports of HM Treasury’s plans to give higher tax relief to those earning over £110,000, and Sir Steve Webb’s move from Royal London to Lane Clark and Peacock.
TPR welcomes government's 'prompt' reintroduction of pension schemes bill
The Pensions Regulator (TPR) has welcomed the government’s latest update on the details of the pension schemes bill.
Government announces March Budget
HM Treasury has confirmed that the government will hold its Budget on 11 March.
Altmann: An 'opportune time' to consider AE compulsion and one-nation tax incentives
The government should consider making auto-enrolment (AE) minimum contributions compulsory and removing tax-relief from this sum, Baroness Ros Altmann says.
Keep it simple, stupid
Tax simplification must return to the top of the government’s pensions agenda in order to boost saving potential, says Alan Pickering.
UK CPI inflation falls to lowest level in two years at 1.5%
The UK’s consumer prices index (CPI) has fallen to its lowest level since November 2016, according to the Office for National Statistics (ONS).
Robin Ellison: Why we must 'strenuously resist' TPR's demand for more cash
The volume of regulation and the cost of regulators has risen sharply over the past decade. Robin Ellison asks if it is time for a rethink.
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.
Ed Balls: Consensus politics is a UK strength, but fragile now
James Phillips spoke to the former shadow chancellor at PBUK about how politicians must embrace the benefits of long-term policy creation through independent and cross-party thinking.
Spring Statement lacks pensions policies but reduces index-linked gilt issuance
Philip Hammond's Spring Statement was empty of any direct pension news as the Treasury sought to avoid major policy announcements.
