All Treasury articles – Page 5
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News
Scrap ‘rotten’ taper altogether, former pensions ministers tell chancellor
Pressure is mounting on the chancellor to take action on NHS pensions, as two former pensions ministers on Wednesday called for the “fundamentally rotten” tapered annual allowance to be scrapped.
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News
Reform NHS pension rules or face walkouts, BMA warns
On the go: Senior NHS doctors will cut their working hours unless there is tangible reform to the health service pension scheme, the British Medical Association warned the Chancellor of the Exchequer on Thursday.
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OpinionPensions taper is bad medicine for the NHS and should be ditched
The sound of tiny violins can often be heard when the better off complain about yet another cut to their pensions tax relief.
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News
Spring Statement: Government responds to RPI flaws
On the go: The government is still considering whether to take action on problems with the retail price index, it was announced after the Spring Statement yesterday.
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FeaturesSchools and colleges warn of ruinous £1.1bn pension hike as DfE consults
The survival of some state schools, colleges, universities and independent schools is threatened by the £1.1bn rise in the employers’ contribution to the Teachers’ Pension Scheme from 1 September 2019.
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News
Health secretary in talks with chancellor over pensions tax relief
On the go: Matt Hancock, the secretary of state for health and social care, is in discussions with the chancellor over the issue of pensions tax relief and the impact it has on GP retention.
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OpinionThe government’s pensions priorities for 2019
In the year ahead, the DWP, HMRC, TPR, FCA and any other arm of government with a role in UK pensions must be ready to minimise any damage and disruption arising from Brexit.
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News
Govt discriminated against younger judges and firefighters, court finds
The government has suffered another legal defeat over its handling of changes to pension provision for judges and firefighters, with a court maintaining that it discriminated against younger members and indirectly against ethnic minorities and women.
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News
Pensions cold-calling bill passes through Parliament
On the go: Pensions cold-calling will finally be banned from January, after a string of delays in legislating against what has been a scourge of UK savers.
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News
FCA examines barriers to investing in patient capital
Experts have welcomed a recently published Financial Conduct Authority consultation, which seeks to address barriers the watchdog's rules may present to investment in patient capital, but concerns remain over the suitability of this type of investment for defined contribution schemes.
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News
Treasury Committee scrutinises treatment of vulnerable customers
On the go: The Treasury Select Committee has today launched a new inquiry into vulnerable consumers’ access to financial services.
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News
100 schools could close as a result of pension hike
On the go: A massive rise in the employer contribution to the Teachers' Pension Scheme could lead to the closure of 100 prep schools, according to the special education website TES which first warned of the approaching crisis for the independent schools sector last month.
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OpinionPatient capital in DC: Worth the risk?
From the blog: Philip Hammond wants pension funds to invest in patient capital, and publishing a policy paper on the subject for the second Budget in a row, it appears his approach is rather, well, patient.
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News
Pension freedoms withdrawals reach record high
On the go: The Treasury’s pension freedoms tax bonanza continues, as record sums are being withdrawn.
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News
Pension savers overtaxed by 'staggering' £372.5m
On the go: The government faces growing pressure to review ‘emergency tax’ treatment of pension freedoms withdrawals, after it was revealed that a staggering £372.5m has now been reclaimed by pension savers since the freedoms were launched in April 2015.
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OpinionIn defence of the tax relief status quo
From the blog: Few things in pensions are constant, but speculation over the future of tax relief on pension contributions never goes away.
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OpinionIndustry right to reject death by Isa
From the blog: MPs may have migrated to warmer climes to relax during the parliamentary recess, but the civil servants at HM Treasury have evidently been working away behind the scenes.
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Opinion
Roundtable: How can schemes prepare for uncertainty in fixed income?
What does the end of an unprecedented era of quantitative easing have in store for interest rates, and how should increasingly mature defined benefit schemes adapt? PGIM’s Edward Farley, Barnett Waddingham’s Sophia Heathcoat, MJ Hudson Allenbridge’s Anthony Fletcher, Independent Trustee Services’ Dinesh Visavadia, Bestrustees’ Graham Wardle and independent trustee Alexandra Martinez discuss.
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Features
Should we be worried about public sector pensions?
Analysis: A combination of weak economic growth, growing inflation and lofty discount rates may threaten unfunded public sector defined benefit schemes.
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NewsSelf-employed do not trust pensions, experts say
Self-employed workers lack confidence in pensions partly because of questions over their affordability, according to experts.