Pensions - Articles - LCP's Alex Waite comments on budget statement 2012


 Commenting on today's Budget, Alex Waite, partner at LCP said: "Today's budget statement, and the limited changes that George Osborne has proposed to the pensions system, are welcome news. In particular, in light of the large amount of changes to pensions tax relief in recent years, further changes here would have been extremely unwelcome.

 "We await further details of the proposed single-tier £140 state pension with interest. Whilst the idea of a new flat-rate pension sounds simple, implementing it against the backdrop of 30 years of pensions complexity may be more challenging. An area of focus here will be the consequential changes to contracting-out and what they will mean for pensioners."
  

Back to Index


Similar News to this Story

Rising SPA over 60s report going without essentials
New research shows one in seven (14%) people just below State Pension age have gone without food, clothing or heating in the last year, compared to on
Member experience crucial as schemes approach endgame
DB pension schemes could risk poorer member outcomes and engagement if they fail to offer a high-quality member experience as they approach endgame, w
Comments as deferred DC membership surpasses 23 million
Broadstone and Lumera comment on new data from the ONS’ Financial Survey of Pension Schemes highlights how the UK Defined Contribution (DC) pensions s

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.