The Treasury collected record revenues from insurance premium tax (IPT) in the first half of this year, and has seen a strong increase in receipts from inheritance tax (IHT) and capital gains...
Millions of employees could face a poorer retirement if the Chancellor levies National Insurance on pension contributions in this month’s Budget, according to industry concerns. The Institute for Fiscal Studies estimates that...
We are weeks away from what could be one of the most momentous Budget statements for years. George Osborne’s bombshell 2014 Budget unleashed the pension freedom reforms – and transformed Britain’s personal...
It has been reported that the Chancellor Rachel Reeves will cut the maximum tax-free cash that can be taken from DC plans to £100,000 in this month's Budget, in a bid to...
The Pensions Management Institute and Schroders are calling for pension savers to be able to access funds early to purchase a first property. This recommendation is a key part of the Lifetime...
Chancellor Rachel Reeves is reported to have ‘stepped back' on plans to scrap higher rate tax relief on pension contributions. There had been significant speculation that Reeves might target pension funds in...
Government pension policy needs to prioritise raising auto-enrolment contribution levels if it wants to make a material difference to people’s financial security in retirement. Speaking at the Corporate Adviser Summit, Royal London’s...
The Department for Work & Pensions acknowledged there are industry concerns around their ‘traffic light’ rating, which is due to be implemented in the forthcoming Value for Money (VfM) regulations. Consultation is...
There are “major risks” in encouraging schemes to invest in UK productive assets, and the new value for money regulation could create a “herd mentality” among schemes and hamper investment innovation. These...
The Department of Work and Pensions minister Sir Stephen Timms has reiterated that he would like to see the government set out a timetable to increase auto-enrolment contributions. His comments came at...
