“DWP considers single annual charge for workplace pensions”

May 25, 2021 | Pensions

An independent (financial adviser’s) view

Once again, those holding lengthy meetings and internal consultations do not understand the real world. How do you ‘improve engagement’, in other words, encourage workers to pay more to and not opt out of workplace pensions? Make them cheaper and ‘more transparent’, of course. No. Those who opt out can’t actually afford to lose 5% of their pay; reducing the annual charge by 0.1% won’t change their minds. If you make things voluntary, not everyone will volunteer. You’ll either have to make them pay. Or pay it for them.

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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.