Rob Yuille

Not active here these days due to conduct of its boss

[Rob Yuille @yuille_rob]

@PensionsMonkey Tom, I keep thinking what a mind-blowingly absurd comparison this is. Are you seriously defending Musk's call to violence on racial and political grounds?

[Tom McPhail @PensionsMonkey]

Good piece by @yuille_rob asking some questions about the Lifetime pension Provider concept https://t.co/IpkaoL9E1L

[The ABI @The_ABI_UK]

.@yuille_rob opens our 'Support after 50: Wealth, Work & Care' event, saying 'in this event we will look at the decisions that people need to make for themselves, for retirement, when accessing pensions & decisions they can make for later life'. #ABILTS

[The ABI @The_ABI_UK]

NEWS | Our latest report ‘Investing in our Future: Delivering for Savers and the Economy’, calls on government to put savers’ interests first and set out how it can enable and encourage more investment in the UK.

https://t.co/QAvYPj9nym

[Rob Yuille @yuille_rob]

Using consumer needs as a starting point, how could financial products help people pay for care? What are the barriers and how can policy help overcome these? Blog by @MariaBuscaMB summarises reports by @BritishInsurers & @PPI_Research.

[The ABI @The_ABI_UK]

BLOG | What barriers need to be addressed so that the insurance & long term savings industry can help people pay for #SocialCare? Our Policy Adviser Maria Busca explains the findings of our recent report and discussions with stakeholders

Find out more - https://t.co/7HQo0F7ZcF

[Rob Yuille @yuille_rob]

"A new government should aim to build consensus around a pensions tax system people can rely on"

[Jill Rutter @jillongovt]

Last week's Budget was yet another sorry episode in the shoddy story of pensions tax policy making . this needs to change - me for @instituteforgov https://t.co/RpFeKfKNF2

[Rob Yuille @yuille_rob]

@slowe1968 @HelloMcQueen @rebeccaoco Don’t forget tax treatment on death

[The ABI @The_ABI_UK]

Following the publication of the Written Ministerial Statement on #PensionsDashboards, Dr @YvonneBraun4 has responded to the decision for a reset to address technical challenges & raises the needs of industry.

Read the full statement here - https://t.co/zXC1cnnPLv

[Rob Yuille @yuille_rob]

Asked about the advice boundary, the Economic Secretary says it cannot be a good outcome to have financial advice out of reach for millions who would benefit from it - would like to see guidance more widely available, but notes challenges around liability

[The ABI @The_ABI_UK]

Economic Secretary to the Treasury, @griffitha, takes to the stage & begins by recognising the UK's 'wonderful insurance sector, it’s a real crown jewel…Thank you on behalf of the Government for everything you do.' #ABIConf23

[Rob Yuille @yuille_rob]

Delighted to have reps from care, FS, govt & research sectors at launch of @PPI_Research report, and @BritishInsurers recommendations arising from it. Discussing how care funding reforms interact with people’s assets, need for specialist help, and wider context of care reform.

[Yvonne Braun 🇺🇦 @YvonneBraun4]

Great to host an important and insightful roundtable today on research from @PPI_Research and our latest social care report.

Find out more here - https://t.co/PXymou9nya

[Rob Yuille @yuille_rob]

Really good discussion at @TheIFS launch.

If the question is “How to get to a more logical pension tax system?”, the answer seems to be “I wouldn’t start from here”.

Any change faces trade-offs around fairness, retrospection, lead-in time & complexity of transition.

[The ABI @The_ABI_UK]

.@YvonneBraun4 on @TheIFS blueprint for a better tax treatment of pensions 'We agree a long-term vision for the pension tax relief system is needed rather than constant tinkering...It's vital any reforms aim to build long term stability & increase trust savers have in pensions'

[Rob Yuille @yuille_rob]

6/6. Interesting that 2.1m self-employed people saw a pop-up prompt when they reported not making any pension contributions in the past year. That's a lot of people making no contributions; and the obvious question is, how many of the 2.1m did something differently as a result?

[Rob Yuille @yuille_rob]

A closer look at the govt and regulators response to @CommonsWorkPen report on saving for later life.

1/6. If DWP is "committed to implementing" AE Review changes by mid-2020s, time's running out. Scope to back a Private Member's Bill, or time to introduce their own?

[The ABI @The_ABI_UK]

Today we welcome the @DWPgovuk, @TheFCA and @MoneyPensionsUK responses to the @CommonsWorkPen inquiry into Saving for Later Life. Particularly important is the Government’s continued pledge to introduce legislation to expand the criteria for #AutomaticEnrolment eligibility.

[Rob Yuille @yuille_rob]

5. Good to have @BritishInsurers work with FCA on the advice boundary and pensions cited. This ought to be helpful, but will not be sufficient - wider change is needed through its holistic review. But at least helpful to acknowledge that legislative change is a possible outcome

[Rob Yuille @yuille_rob]

If it does change, there's a case to keep current treatment for deaths pre-55 (or minimum pension age); beneficiaries are more likely to be in jeopardy & paying 40/45% tax where relief was received at basic rate, without the chance to access it, seems unfair. (2/2)

[Rob Yuille @yuille_rob]

This is an important debate to have. Pension tax treatment on death clearly is generous, but need to think through the consequences of a change - affecting people's plans and trust in pensions - so if it's going to happen, then announce it soon, consult, and keep it simple (1/2)

[Institute for Fiscal Studies @TheIFS]

Keeping savings in a pension can be a highly effective way of avoiding inheritance tax.

@David_Sturrock, @StuartAdam_IFS, Isaac Delestre and Carl Emmerson set out proposals that would make the tax treatment of pensions at death fairer and more efficient [THREAD: 1/8]:

[Rob Yuille @yuille_rob]

The SI confirming digital default comms & 10% drop rule abolition has been laid. https://t.co/WqgvAqeymW

[Rob Yuille @yuille_rob]

@langcatmike It's gone - through the words "omit Article 62" in the SI laid today, here:
https://t.co/lCrlduaZFY

[Rob Yuille @yuille_rob]

Good to see all of these make an appearance today, as well as consultation on a new direction for retail investment disclosure. These measures are squarely in the territory of helping consumers make sense of financial services.

[Rob Yuille @yuille_rob]

Important consultation from HMT on Wholesale Markets Review, reforming MiFID. An opportunity to:
- make digital communications the default with other formats for those who need it
- remove 10% drop rule
- address the advice/guidance boundary