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DWP admits ‘misleading’ public on Scottish independence

The Department for Work & Pensions has admitted it misled a member of the public about the value of the state pension in the run-up to Scotland’s independence referendum. In 2013, the DWP sent out a letter to a constituent of former Scottish first minister Alex Salmond, saying: “If Scotland does become independent, this will […]

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MPs hammer FCA conduct on British Steel as all transfer advisers to be investigated

The work and pensions select committee has published documents it believes raise serious concerns about how the FCA has handled the British Steel Pension Scheme saga. The documents are responses from the FCA, the financial advice firm Active Wealth and “introducer” firm Celtic Wealth, following evidence on BSPS in parliament in December 2017. The responses […]

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How much are advisers charging for pension transfers?

Defined benefit pension transfer charges are being put under the microscope again as the regulator turns over more potential conflicts of interest. With the British Steel Pension Scheme the latest to dominate headlines and the FCA ready to interrogate further as it extends its review to include all firms authorised to give pension transfer advice, […]

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Europe: Political risk on the rise?

By Rob Burnett, Head of European Equities, Neptune In recent weeks, worrying headlines have been emerging from Spain, Germany and Italy amidst political unrest. Is political risk on the rise in Europe, asks Neptune’s Rob Burnett? Click here Important Information – for investment professionals only. Investment risks   This Fund may have a high volatility rating […]

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  1. With respect, this is a pointless question as it stands. The question of tax relief should not, at least in my view, be considered independently of the taxation of the resulting benefits. The point about the current system that is often overlooked is that although higher rate taxpayers benefit from higher rate relief on contributions, they generally also pay higher rate tax on the benefits, which is a sensible and fair system. If tax relief on contributions is to be restricted in any way then I think that the resulting benefits should be taxed in a way that reflects the tax relief provided on the contributions.

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