December 2009
Jane Beverley is quoted:
Jane Beverley, head of research at Punter Southall, calculated that within a two-year period, there will have been four different taxation regimes for high income individuals.
She said: "Individuals with income between GBP130,000 and GBP149,999 may already have taken advice and been reassured that the new regime did not apply to them only to find that the rug has been pulled out from under their feet and they need to seek advice once again.
"There is also a worrying trend in the reduction of the minimum threshold to GBP130,000 those with income of GBP110,000 or GBP120,000 may well be concerned about what the 2010 Budget will bring and whether there will be yet another layer of taxation legislation for high income individuals." Pensions Week, 14 December 2009
'Plugging the hole' Richard Jones comments:
"After four years of gains for equities markets, many companies were thinking by the summer of 2007 that they might be able to get rid of their pension liabilities in the buyout market in the next three to five years without putting any more money in" says Richard Jones, principal in the transaction services business at Punter Southall. "Now they realise that they are never going to have to run them for the next 25 years." Corporate Financier, 1 December 2009
Punter Southall Pensions Bulletin - July 2010