Govt Books to Return to Surplus After Three Years

Govt books to return to surplus after three years

By Giles Dexter of RNZ  An uncertain economic outlook and slower recovery will keep government finances in deficit for the next three years before a return to surplus.

UK Pensions | Surplus to requirements? Why the Government wants more law on returning surplus

In this our latest blog on Mansion House reforms, we turn from DC to DB, and more specifically to those record surpluses that many schemes are now enjoying. These have understandably caught the eye of the Government. Imagine what UK plc could do with a £150bn cash injection – and imagine the tax on it. Pensions law does not prohibit return of surplus while a scheme is ongoing, but it is rare. Why might reform be necessary, and what will the Gove…