“UK ombudsman unveils pensions dishonesty unit”

Feb 2, 2022 | Financial Services

An independent (financial adviser’s) view

It’s thirty years now since Robert Maxwell fell off his yacht, and it was discovered that he’d been plundering his employees’ pension funds. No doubt that ghastly Bryan Adams song from Robin Hood was still number one, as it was for most of that year. My jaw did, therefore, drop somewhat to discover that, after all this time, the regulator has decided that a new ‘pensions dishonesty unit’ is needed. A lot’s been done since Maxwell to compensate those who might otherwise lose their pensions when schemes go bust or are underfunded; but, it would seem, not enough, if anything, to catch those who may be causing those schemes to go under. 

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trust word scrabble tiles min
“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.