All HM Treasury articles – Page 3
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News
BMA joins firefighters in threatening McCloud legal action
The British Medical Association is the latest public sector body to threaten legal action should the government persist with plans to make its members pay for the cost of the McCloud remedy.
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Tisa calls for pension decumulation policy reform
On the go: The Investing and Saving Alliance is calling on regulators and the government to reform pension decumulation policy that will impact four main areas.
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Govt U-turns on minimum pension age hike protections
The government has closed the opportunity for people to transfer to a pension scheme that would offer pension age protection ahead of its planned minimum pension age increase.
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Maps told to reform Pension Wise in govt-backed report
On the go: The Money and Pensions Service has been urged to look into how commercial companies could be used to deliver Pension Wise guidance as part of a government-backed report looking at how the organisation can be improved.
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News
TCFD disclosures to be mandatory for UK’s largest financial institutions
On the go: Britain’s largest companies and financial institutions will legally have to report on climate-related risks and opportunities from April 6 2022, the government has announced.
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Budget 2021: Government announces net pay tax relief top-up
Individuals making pension contributions to net pay schemes from 2024-25 will be eligible to claim a top-up, the government has confirmed, while a £71m investment has been earmarked for modernising pensions tax relief administration.
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Public sector pensions cost £57bn more than declared, report finds
The government is misleading parliament and the public over the cost to the taxpayer of public sector pensions, a report from the Institute of Economic Affairs has claimed, while raising further questions around the visibility of these pension schemes.
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News
‘Greenium’ widens following £6bn green gilt issuance
On the go: The second issuance of the UK’s green gilt has raised a further £6bn, the Treasury has said, but analysis of the transaction suggests that the ‘greenium’ has widened in secondary markets.
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News
State pension to rise by 3.1% in April as inflation dips slightly
On the go: The UK state pension is set to increase by 3.1 per cent in 2022-23, in line with September’s inflation figure.
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News
PIE exercises can be a 'win-win' for schemes under current conditions
On the go: Improved regulatory clarity and rising inflation rates could mean now is the time for defined benefit pension schemes to consider offering a pension increase exchange to their members, according to LCP.
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Green bonds and greenwashing: Investors yet to be convinced
After new details about UK’s first sovereign green bonds were received positively by the pensions industry, the excitement seems to be dissipating, since the summer 2021 launch date will be missed and scepticism remains about the motives and effectiveness of the scheme.
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News
Savers given opportunity to lock in minimum pension age at 55
The government has given savers a way to avoid the minimum pension age increase in 2028, as new rules will allow individuals to keep their protected pension age if they transfer their pension.
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Govt plans green bonds issue, but should schemes take the plunge?
The UK government has an ambitious climate and environmental agenda and is set to issue its first green gilt in September 2021, with at least one more issue before the end of the year. Green gilts to the value of £15bn will be issued in the 2021-22 financial year.
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