Weekly Roundup, 19th February 2019

Weekly Roundup 190218

3 Responses

  1. Avatar Al Cam says:

    Mike, re LTA Protection:
    Was it because the DB transfer value had been “enhanced” that you decided to forego that DB transfer – presumably because going through with such a transfer would result in you losing your fixed protection?

    • Mike Rawson Mike Rawson says:

      I only had to give up the enhancement (essentially an inducement to leave because the new owners of the firm didn’t like the pension scheme liabilities). The transfer went through at the regular value, which was still high enough for me.

      The LTA rules are a mess.

      • Avatar Al Cam says:

        Got it – and an interesting scenario/twist for both you and the new owners of the firm too!

        The LTA rules are a mess, but as I may have said before they do seem to be raising an ever increasing amount of money for HMG. So I would imagine they will be pretty reluctant to abolish them any time soon.

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Weekly Roundup, 19th February 2019

by Mike Rawson time to read: 6 min
More in News
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Weekly Roundup, 12th February 2019

We begin today's Weekly Roundup in the FT, with Tim Harford. This week he was defending inflation.