Constant change is a deterrent to long term saving and, if Osborne goes through with these changes, consumers will be forced to focus on the short-term instead of saving for their retirement.
The company described the UK employee benefits performance, where sales were down 9 per cent, as “disappointing”. It put this down to a “significant slowdown in project work
This will secure free movement of goods, services, persons and capital, meaning you would be free to continue working or setting up a business in Cyprus.
Three Canadian pension funds and the Kuwait Investment Authority have won the takeover battle for London City airport with an offer of about £2 billion ($3.9 billion). A consortium made up of Ontario Teachers' Pension Plan (OTPP), Borealis, AI
Meanwhile, the raft of recent pension changes, far from giving people the sense of ‘freedom’ over their financial planning, has dented the confidence of a quarter of Britons nearing retirement
Van Meerten said that Dutch schemes, with the help of their UK peers, had been largely successful in excluding pension funds from harmonised capital requirements for banks and insurers.
This included master trusts, the number of which have proliferated under auto-enrolment, which are easy to set up but in many cases may be too small to survive.
The key difference between the two schemes is over when tax is paid. With the so-called “pensions Isa”, savings are made from after-tax income and no tax is paid on the interest or the investment returns when it comes to drawing down the funds