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

The growing gap between retirement expectations and reality
PensionBee has warned that millions of people in the UK are heading towards retirement incomes far below what is commonly understood to be adequate, i
Comments on Value for Money Framework proposals
Standard Life, Aviva, Hymans Robertson and Broadstone comment on the FCA's latest consultation on the Value for Money framework, announcing sever
Pension transfer petition nears deadline
Pension savers are being urged to act now as the clock ticks on a parliamentary petition designed to stop unnecessary delays when people seek to move

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.