Below you'll find a list of all posts that have been tagged as “Government”
The government has decided to cancel plans to create a market for secondary annuities. A statement on the Treasury’s website explained the reason for the U-turn just 6 months before it was due to be implemented. The government said, “It has become clear that creating the conditions to allow a competitive market to emerge could not be balanced with sufficient …
Stephen Crabb has resigned from his Government post as Works and Pensions Secretary, citing ‘the best interests of his family’. Crabb was rushed into the role at the Department for Work and Pensions (DWP) following the resignation of prominent Brexiteer Iain Duncan-Smith after the Budget this year. Following the vote to Leave at the EU Referendum, Crabb declared his candidacy …
Theresa May, the UK’s new Prime Minister vows to be ‘one nation’ Government that works for all not just the “privileged few”. Speaking outside 10 Downing Street for the first time as Prime Minister and after being appointed by the Queen, she said it would be her mission to “build a better Britain”. She promised to give people who were …
The new tax year for 2016-2017 starts today (April 6th) which means new changes, so here is what you need to know. THE NEW STATE PENSION The new ‘single-tier’ state pension starts today which means anyone who reaches pension age from April 6th will get the full flat rate payout of £155.65 per week. This will only apply if you …
Chancellor George Osborne is facing increasing pressure to scrap the 25% tax-free lump sum people can take out of the pension pots ahead of next month’s Budget. Currently people can access 25% of their pension pots tax-free in a single lump sum when they reach 55. Think tank the Institute of Economic Affairs recently proposed the tax-free lump sum should …
Calls for crackdown on drawdown charges Which? the consumer group wants the Financial Conduct Authority (FCA) and Government to intervene in the drawdown market to ensure people are not confused by the wide range of charging options. Which? research has revealed huge differences in what pension providers are charging people looking to benefit from the new pension freedoms. Big differences …
