Tax relief is "the lowest hanging fruit in Whitehall" and politicians were prepared to slash current levels to save the Treasury millions of pounds, according to a think tank.
There was not a huge amount of support for the Centre for Policy Studies' (CPS) report calling for the Local Government Pension Scheme (LGPS) to put most of its money into passive funds.
The Department for Communities and Local Government (DCLG) has appointed Hymans Robertson to conduct research into three potential structures for the Local Government Pension Scheme (LGPS).
Tough action on Local Government Pension Scheme (LGPS) costs could save taxpayers £1bn and avoid a "death spiral" for the scheme, the Centre for Policy Studies (CPS) says.
The Department for Work and Pensions (DWP) should reverse its decision to consolidate savers' pensions through a system that would see pots following members as they change jobs, says a thinktank.
In a paper published today, Centre for Policy Studies fellow Michael Johnson made 15 recommendations on how the government can address the problem of small pots.
Public sector pensions will cost taxpayers an additional £9bn a year due to a ‘toxic' combination of the Public Service Pensions Bill and state pension reform, a Centre for Policy Studies paper shows.
Public sector pensions need further reform before 2020 to avoid an annual £32bn liability for UK taxpayers, Centre for Policy Studies research fellow Michael Johnson says.
The pensions industry is ‘widely and justifiably distrusted' and must redeem its reputation with the public to kick start a savings culture in the UK, a think tank warns.
The government should scrap higher-rate tax relief and reinstate the 10p rebate on pension funds' dividend payments in this month's Budget, an economist says.