Fresh warning of Budget tax relief cuts as govt faces ‘triple whammy’ revenue shortfalls

There are fresh warnings today of a Budget set to raid pensions tax relief, as the government faces a “triple whammy” of revenue shortfalls.

Royal London director of policy, and a former pensions minister, Steve Webb, has warned that Chancellor Philip Hammond is likely to turn to pensions tax relief again, as a way of raising revenue for the Treasury

University staff to be balloted on strike action over pensions

Staff at 50 of the largest and most well-known universities are to be balloted on strike action over plans to move university employees to a defined contribution scheme

HMRC finalises VAT guidance on pension scheme costs

Employers are being urged to read HM Revenue and Customs’ finalised guidance on VAT on pension scheme costs, as they may be able to maximise the VAT they can recover

Guest Comment: Budget wishes from the PMI

PMI president Robert Branagh talks about the Budget rumours circulating the industry and the wishes of the Pensions Management Institute

Other News Stories...

Industry critical of reports Chancellor will shake-up tax relief to favour young

Several voices in the pensions industry have raised their concern at reports of the Chancellor planning to shake-up pensions tax relief, by cutting tax relief for older people

Govt should reconsider mandatory guidance proposal

The government should reconsider the mandatory guidance proposal in the Financial Guidance and Claims Bill, AJ Bell has said

DWP confirms no change to AE charge cap

The 0.75 per cent charge cap on default funds in auto-enrolment schemes will remain the same, Minister for Pensions and Financial Inclusion Guy Opperman has confirmed

News in Brief: 17 November

News in brief and mandates from the past seven days

Investment matters
Laura Blows talks to NEST CIO Mark Fawcett about managing market conditions and compiling the best fund choices for DC members

Latest Features

Going biometric?

Raji Menon considers how biometrics may play a crucial role within pensions

The optimist

Just a few months into the job, Julian Mund is getting stuck into a new daily routine serving as the PLSA’s chief executive. Natalie Tuck speaks to him about the future of the association and his thoughts on some big industry topics

The forgotten masses

Laura Blows reveals why a greater focus will increasingly be placed upon deferred members

Lessons learnt

Louise Farrand looks into the challenges created by the increasing numbers of school academies’ staff joining the LGPS

Staying on track

Nicola Thorpe reveals how to future proof your liability-driven investment strategy

Alternatives: Picking the diamonds from the 27 rhinestones

Percival Stanion argues that true ‘alternative’ investments are hard to find, but diversification is still possible

Getting the gig

David Adams questions what more can be done to encourage self-employed ‘gig workers’ to save into a pension

Educate against attack

Nick Martindale explores how schemes can improve their cyber security

Difficult to care

David Adams explores the challenges of funding long-term care and how the pensions industry may help provide solutions to this problem

The right direction

Lynn Strongin Dodds looks at how political risk can affect pension funds and the strategies that should be put in place to combat this

Advising change

In the changing retirement landscape, Talya Misiri discusses IFAs’ experience

of pension regulations, new technologies and alternative retirement income sources

Stronger together

With the government pushing for the pooling of local government pension scheme investments, Natalie Tuck speaks to the Local Pensions Partnership about why it came into being, and how other funds can get involved

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Investment matters
Laura Blows talks to NEST CIO Mark Fawcett about managing market conditions and compiling the best fund choices for DC members

Conditional data – the bedrock of good scheme governance
Duncan Watson, managing director of products and services, EQ Paymaster at Equiniti, talks to Francesca Fabrizi about the importance of conditional data to good scheme governance and how to get there

Latest News Headlines
Adam Cadle provides a summary of the big pensions stories to have hit the headlines this week
Most read stories...
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