Comment and Blogs
Albert Einstein once said that "the hardest thing to understand in the world is income tax".
The Office of Budget Responsibility (OBR) has recently issued its annual Fiscal Sustainability Report. This report looks at how government spending and revenues may evolve over the next 50 years and how this will impact on public sector net debt.
In November last year, the FCA asked Sipp operators to complete a (long) questionnaire to help them with their third thematic review. Among the 40 or so data items requested was the amount of Assets Under Administration (AUA).
It has been a tough couple of weeks for the SIPP industry.
Like many, I was expecting a short announcement during the Autumn Statement followed thereafter by the publication of pages of detail explaining the new pension death tax rules. I certainly wasn't expecting to read about it on my BBC News app on the Sunday night before the Conservative Party conference.
The best part of two years is a long time to wait for the result of a consultation, and you would expect to see some progress after that sort of delay.