From the TUC

Pensions & Investment (page 3)

As Altmann exits, where is Workie?

18 Jul 2016, by in Pensions & Investment

Pensions Minister Baroness Altmann is to leave government, we learned over the weekend. The reshuffle fortunes of her sidekick Workie, the much lampooned multi-coloured monster she launched to promote workplace pensions, have yet to be confirmed. Altmann marked her departure from government with a letter to the Prime Minister criticising “short-term political considerations” for inhibiting…

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European pensions regulator steps back from radical funding proposals

14 Apr 2016, by in Pensions & Investment

The European pensions regulator has stepped back from an attempt to standardise pension funding rules across the European Union. The European Insurance and Occupational Pensions Authority (EIOPA) has concluded, rather unsurprisingly, that the diversity of European pension schemes means that harmonising capital or funding requirements for IORPs is not suitable “at this point in time”.…

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92 pages but one clear message: what today’s employers’ pensions survey tells us

07 Mar 2016, by in Pensions & Investment

The Department for Work and Pensions’ employers’ pension survey published today stretches across 92 pages but there is one clear message apparent to readers: little is going to change regarding the level of UK pension saving without action on automatic enrolment minimum contribution rates. The report shows that the vast majority of employers are planning to…

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Seven tests for fairer pensions tax

04 Mar 2016, by in Pensions & Investment

The hitherto obscure subject of pensions tax relief is likely to be in the foreground when George Osborne reveals the content of his latest Budget later this month. On the table is a potential move to flat-rate tax relief, an approach favoured by the TUC. But, if given the nod, key decisions about implementation would determine whether…

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Our pensions are still leaving many behind

01 Mar 2016, by in Pensions & Investment

The respected Pensions Policy Institute is today publishing a report, sponsored by the TUC and others, looking at those groups who remain under-pensioned. It shows that despite the remarkable success of automatic enrolment in bringing around six million more people into workplace pensions, those who have been traditionally badly served by the pensions system are still…

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Regulator fears pension freedom mis-selling

25 Feb 2016, by in Pensions & Investment

There was always a remarkable haziness about what the pension freedom reforms announced in Budget 2014 were meant to achieve. While most government pension initiatives are designed at improving incomes in retirement or making savings more secure, George Osborne’s revolution offered freedom and choice for its own sake. There was seemingly little regard for the…

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