BoE, Treasury and FCA group outlines ideas for an easier investment environment for DC
Pensions team stays put while local government department sees shake-up
Could improve ‘fairness and sustainability’ of LGPS and other public schemes
For incentives to work, they must be understood – and that is not the case, says Baroness Ros Altmann
Merger pressures for small DC schemes and a rumoured Treasury ‘tax raid’
Tool to limit taxpayer costs and ensure fair benefits was expected to be ‘extraordinary’
MPs warn cost issues will take ‘generations to resolve’ as civil servants and emergency workers opt out of DB schemes
The government’s much-awaited ‘Tax Day’ was met with little fanfare as predictions of cuts to higher-rate tax relief again failed to materialise.
The normal minimum pension age (NMPA) is set to increase to 57 under plans unveiled in a government consultation today (11 February).