Tag Archives: policy

Fair and Sustainable Public Sector Pensions

Ahead of the planned strikes on Wednesday I thought I’d post a few thoughts on public sector pensions. I think of myself as being one of the few people that aren’t firmly on one side of the argument on this. I’m a taxpayer on one hand but defender of defined benefit pensions on the other. […]

First Briefing – Resticting Pension Tax Relief

Introduction In the “Restricting Pensions Tax Relief, Oct 2010” Briefing we covered the Government’s proposals for changes to the pension tax regime insofar as they were known at that stage. Legislation has now been enacted to effect those changes and this Briefing provides an update on the position and focuses on some of the finer […]

F1rst Briefing – Pensions tax relief: actions needed

Introduction In the “Restricting pensions tax relief, Oct 2010” Briefing we mentioned that the Annual Allowance is reducing from its current level of £255,000 to £50,000 on 6 April 2011. By way of reminder, the Annual Allowance (“AA”) is the maximum amount of pension savings an individual can make in any one tax year without […]

Mark-to-Market, 24th November mallowstreet.com debate

A fantastic debate was held last night with the motion: “This house believes that mark-to-market accounting is inappropriate for pension liabilities and should be abolished.” My piece from the debate is reproduced below: “I was sitting in Subway at the weekend thinking about what I might say today, staring at my “foot long” sandwich – […]

F1rst briefing – Disclosure of Information

The long awaited Occupational, Personal and Stakeholder Pension Schemes (Disclosure of Information) (Amendment) Regulations 2010 (“the Regulations”) have finally been laid before Parliament. The Regulations will come into force on 1 December 2010. These Regulations have been subject to two public consultation exercises and it is clear that the Government has heeded the comments and […]

F1rst briefing – Restricting Pensions Tax Relief

Introduction Last year, we wrote a Briefing covering the anti-forestalling measures introduced by the last Government ahead of the proposed changes to the taxation of pension savings due to be introduced in April 2011. The new Coalition Government has scrapped these somewhat complicated proposals and has announced the changes that it intends to make to […]

F1rst briefing – Interim report on public service pensions

Lord Hutton of Furness, chair of the Independent Public Service Pensions Commission, published his interim report on 7 October 2010. The report outlines progress made so far in the review of public service pensions and in particular sets out the case for change in public service pensions and considers options for short term savings and […]