All Tax articles – Page 13
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NewsPensions shrouded in uncertainty as UK votes to leave
The pound fell on Friday following news the United Kingdom had voted to leave the European Union, but experts warned schemes not to overreact.
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News
Proposed early exit charge cap gets mixed response
The Financial Conduct Authority yesterday proposed capping exit charges at 1 per cent of pot value for existing contracts, while banning them altogether for future contracts.
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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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OpinionAs the lifetime and annual allowance changes take effect, who has to prepare and how?
When someone retires, the amount crystallised on a 'benefit crystallisation event' will show if they are breaking through the lifetime allowance of £1m, but some can avoid that by protecting a higher amount.
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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
Enquiries spike ahead of lifetime allowance change
As the deadline for members to take action looms, more savers are realising they might be affected by the planned reduction to the lifetime allowance, leading to a spike in customer enquiries at provider Fidelity.
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OpinionInput > income > outcome
Editorial: A flurry of innovation in defined contribution scheme design has been catalysed by the pension freedoms. Glidepaths are forking out in an attempt to capture the wants and needs of this new age of retiree, while diversified growth funds continue to find homes in these newly lengthened growth phases.
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NewsA lot to get to grips with: the legal and regulatory outlook for 2016
Legal and regulatory change was abundant last year and 2016 looks like it will continue in the same vein, as both the UK and Europe are churning out legislation and rules affecting occupational pension schemes.
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Opinion
Indecision and fear: tax changes threaten the role of pensions in employee benefits
From the blog: More than half of schemes are considering offering a cash allowance to members affected by pension tax changes, as alterations to the lifetime allowance threaten to drive high-earners away from workplace pensions.
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Opinion
Tax, cyber crime and covenant guidance: what to look out for in 2016
The pensions industry has had to deal with changes across many fronts in the recent past. 2015 was no exception, bringing proposals for Local Government Pension Scheme pooling, the introduction of freedom and choice and the beginning of re-enrolment.
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OpinionAfter an eventful five years, the pensions challenge is not over
Talking Head: There are few things in life we can be sure of except that things change. The same can be said of pensions – every new idea from government seems to suggest further change for the sector.
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OpinionAn outstanding year for pensions…
Editorial: And by that I mean we’re coming to the end of 2015 with several gargantuan issues left outstanding, hanging over the heads of schemes and providers.
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NewsAutumn Statement gives pensions industry a breather
The pensions industry has learned to brace itself for surprise over the last couple of years, so was relieved to escape relatively unscathed in Wednesday’s Autumn Statement.
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OpinionAutumn Statement uncharacteristically quiet(ish)
From the blog: Once again the pensions industry pleaded with the chancellor to hold off on any further profound changes, only this time it looks like it got its wish... sort of.
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OpinionGive it a rest
Editorial: A bit of signposting, scheduling and detail. That’s what most seem to be expecting for the pensions industry in Wednesday’s Autumn Statement.
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OpinionIncentivising savings – or reducing tax reliefs?
The 'Strengthening the Incentive to Save' consultation, which ended in September, provoked a lot of discussion within the pensions and savings industry and stirred strong feelings.
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OpinionLords leaves Osborne stumped
Editorial: A Lord’s makeover is overdue and changes to the institution are in train, it was confirmed this week.
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NewsHMRC figures on flexibilities leave questions unanswered
The ‘dearth of information’ on pension freedoms bemoaned in a recent Work and Pensions Committee report could have been remedied by HM Revenue & Customs figures released yesterday, but industry representatives said the report lacked detail.
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Opinion
Johnson: Pension ostriches need a shakeup
Letter: Robert Gardner’s excellent article 'Collective response to an unprecedented problem' screams 'unsustainable': something has got to give. The question is what?