View more on these topics

ACA expresses concerns over stakeholder


The Association of Consulting Actuaries has expressed serious concerns about the effect of stakeholder and the state second pension on occupational schemes.


The Association says the Green paper offered the opportunity to simplify a complex system but it has actually added another level to the complexity.


It says that while the Government&#39s intentions are correct, stakeholder and the Treasury&#39s Pooled Pension Investment will fail without simplification.


ACA believes the state second pension will suffer from similar problems of over-complexity and the lack of information on contracting out.

Recommended

NAPF warns Government Green paper could undermine occupational pensions

The National Association of Pension Funds believes Government proposals outlined in the Green paper &#39Partnership in Pensions&#39 could undermine occupational schemes.The NAPF argues the overlap of the second state pension, stakeholder and occupational schemes is confusing and needs to be clearly worked out to prevent employees making the wrong decisions.The association also casts doubt on […]

Aon Consulting responds to Pensions Green Paper

Aon Consulting has called on the Government to give stakeholder pensions the same tax regime as occupational and personal pensions.In response to the Pensions Green paper, Aon&#39s director of research Donald Duval says: &#34It is unnecessary to have a third tax regime for pensions. We believe the Government could merge the stakeholder tax regime into […]

Tax year-end planning for annual allowance

Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment