“Day the pension vultures swooped on our steelworkers”

Dec 12, 2017 | Pensions

An independent (financial adviser’s) view

The ‘Day pension vultures swooped on our steelworkers’ headline is, of course, from the Daily Mail.  Those ‘vultures’, the one’s legally allowed to advise on pension transfers, are probably the most highly regulated and scrutinised in our business. If the pension scheme is allowing transfers out arranged by unregulated advisers to unregulated pension schemes, shame on them. And if the pot being transferred is pretty large, it would be criminal were they to be advised to put it all in cash. Investing in stocks and shares is one of the many ways in which the rich get richer. If the steel men (and ladies) are properly advised, it could be their, and their families, big chance, too.

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“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.