All Treasury articles – Page 9
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NewsWebb: New face at DWP will not loosen Treasury's grip on pensions tax
Philip Hammond’s appointment as chancellor of the exchequer is unlikely to see the Department for Work and Pensions regain control of pensions reform, according to former pensions minister Steve Webb.
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OpinionA tale of two departments
Editorial: Many might have breathed a sigh of relief early this week, when Andrea Leadsom quit the race to lead the Conservative party and it was clear Britain would have a new prime minister a lot earlier than expected.
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News
What will the Leave vote mean for Project Pool?
As the July 15 deadline for local government pension schemes to submit their asset pooling proposals approaches, experts have warned local schemes to expect delays to 'Project Pool' following the Brexit vote, but cautioned other obstacles might also arise.
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OpinionWhat will the pension freedoms mean for you this year?
With nearly 1m people turning 55 in 2016, it is more important than ever that people understand the new pension freedoms and plan ahead for a comfortable retirement.
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FeaturesThe push-me-pull-you: In which direction is UK retirement saving headed?
Analysis: The introduction of a workplace Isa, mooted in a new proposal this week, could present both the UK workforce and employers with a radical new alternative, but how can developments in government policy drive the sea change needed in the UK’s savings culture?
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News
Consultations to flesh out details of secondary annuity market
The Financial Conduct Authority and HM Revenue & Customs have both launched consultations to shed further light on how the secondary annuity market could work, but questions were raised about the projected level of take-up.
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OpinionAutomatic choice
Editorial: Saving should be made easy. Savings vehicles should be trusted by people, so that they are more likely to contribute into them. I don’t think anyone would disagree with that. But what about pension saving through auto-enrolment?
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News
ABI launches consultation on jargon-busting to empower members
The Association of British Insurers has this week launched a consultation and draft guide aimed at simplifying the language used to explain freedom and choice to savers.
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News
More than a third support Lisa expansion, research shows
Many under-40s are planning to save into Lifetime Isas alongside their workplace pension, research commissioned by mastertrust Now Pensions this week revealed, but support for expansion of the new savings vehicle could pose a threat to pensions.
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News
Hertfordshire joins Access LGPS pool
Hertfordshire County Council Pension Fund has joined with 10 other local authority schemes to launch the £33bn Access asset pool, as Local Government Pension Scheme funds work through the governance implications of pooling.
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OpinionWhat the £500 limit on tax-free financial advice will change
Under the new freedoms, pension savers will need to make a decision on what to do with their pots when they retire. Most employees have no experience managing their money and will need some form of help.
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OpinionWhat does Iain Duncan Smith's resignation mean for pensions?
There was a big upset in Westminster over the weekend as former secretary of state for work and pensions Iain Duncan Smith resigned in protest over the chancellor’s latest round of benefit cuts.
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Features
Long-term saving solution continues to elude pensions industry
Missed by many amid the Budget’s pomp and circumstance, the summary of responses to the government consultation – ‘Strengthening the incentive to save’ – contains a resounding call for stability but no clear solution to the nation’s savings crisis.
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News
PiP calls on government to bridge infra gap
The Pensions Infrastructure Platform has called on the government to make UK infrastructure more appealing to investors, in an effort to address the mismatch between government hopes for infrastructure investment and schemes’ need for returns.
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OpinionArtificial sweetener
Editorial: The Lifetime Isa announced in the Budget, while presented in a sweet wrapper marked 'help the young', is not easily swallowed by some, and not everyone agrees what the actual taste will be.
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OpinionBeware of chancellors bearing gifts
In Greek mythology, the city of Troy was put under siege for ten fruitless years before the Greeks had the brainwave of pretending to be defeated and sailing off, leaving behind just a large wooden horse...
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NewsLifetime Isa blurs lines between long and short-term saving
Budget 2016: The dreaded tax change on pension saving has been narrowly avoided in the chancellor’s Budget 2016, but the announcement of a Lifetime Isa could be a step towards a pensions Isa, industry comments suggest.
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OpinionA pensions power struggle
Editorial: The chancellor has pulled another rabbit out of the red case. This time it’s a tame European breed: the ‘no change on pensions tax relief ahead of the referendum’ kind.
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News
Death tax 'wrinkle' means potential trouble for dependants
The government should consider allowing the pension pots of those who die before reaching age 75 to be transferred out, experts have said, although some questioned the likelihood of such a move.
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News
Larger mastertrusts welcome imminent regulation
Providers have welcomed plans to increase regulation of mastertrusts, as the government reveals it intends to bring in legislation for the arrangements “as soon as practically possible”.