From the TUC

Tim Sharp's Articles

Pensions: It’s a man’s, man’s, man’s world

13 Oct 2016, by in Pensions & Investment

The late James Brown had a complicated enough life without worrying about UK pensions saving. But the Godfather of Soul’s famous, if patronising, take on gender politics provides an appropriate soundtrack for the state of British retirement savings. Women make up just 36 per cent of those eligible to be automatically enrolled into workplace pensions,…

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Another attempt to pick the state pension lock

01 Aug 2016, by in Pensions & Investment

Former Pensions Ministers don’t retire quietly from public life it appears. Baroness Altmann, the latest to depart Caxton House, has since criticised the difficulty of long-term policy making in government . And, over the weekend, called for the ending of the triple lock that governs state pension increases. The cost of raising the state pension by the greatest  of inflation,…

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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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