Regulating defined contribution pension schemes
Published on:The Pensions Regulator and other agencies regulating defined contribution pension schemes should take a concerted approach towards collecting evidence and assessing risks to members.
Search results for 'Money and tax'
Showing 261 - 280 of 302 results
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The management of adult diabetes services in the NHS
Published on:Diabetes care in the NHS is poor, with low achievement of treatment standards, high numbers of avoidable deaths and annual spending reaching an estimated £3.9 billion.
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The Regional Growth Fund
Published on:The £1.4 billion funding could result in 41,000 extra full-time equivalent private sector jobs but thousands more could have been created from the same resources.
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Managing early departures in central government
Published on:Departments have acted quickly to reduce staff numbers and this should bring significant savings. To sustain these savings, and deliver long-term value for money improvements, staff numbers must stay at these reduced levels and departments must develop new ways of working.
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Means Testing
Published on:It will be difficult for government departments to achieve value for money from means-tested benefits unless government understands the impacts of means testing, learns from past experience and improves coordination between different benefits.
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PaceSetter: HMRC’s programme to improve business operations
Published on:PaceSetter has led to productivity improvements and may have contributed to greater staff engagement. However, the extent to which overall efficiency has improved is not clear; and some key principles of process improvement are not yet being applied strategically across the entire organisation.
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The mortgage rescue scheme
Published on:The Mortgage Rescue Scheme, launched in January 2009 by the Department for Communities and Local Government, achieved fewer than half of the rescues expected. The Department helped 2,600 households avoid repossession and homelessness at a cost of in excess of £240 million – but it originally expected to help 6,000 households for £205 million.
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The Intercity East Coast passenger rail franchise
Published on:The Department for Transport protected the taxpayer and secured value for money in the termination of National Express’s InterCity East Coast franchise.
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Stewardship of the wholly-owned banks: buy-back of subordinated debt
Published on:Investors in taxpayer-owned banks were paid an excessive interest rate for risk actually being shouldered by taxpayers. The buy-back was therefore value for money.
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Reducing losses in the benefits system caused by customers’ mistakes
Published on:DWP does not yet have enough evidence to demonstrate that its activities to reduce the cost of mistakes by customers have been value for money. Although mistakes are difficult to detect, correct and prevent, the scale of overpayments and underpayments demonstrates a clear need for improvement.
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HM Treasury: The Asset Protection Scheme
Published on:The Treasury’s Asset Protection Scheme to protect over £280 billion of Royal Bank of Scotland’s financial assets against losses had a beneficial impact on financial markets. But the Scheme has, so far, only been partially successful in encouraging lending to creditworthy borrowers on the scale originally envisaged.
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The impact of the 2007-08 changes to public service pensions
Published on:Changes made in 2007-08 to public service pension schemes are on course to deliver savings and stabilise pension costs. However the value for money of the changes cannot be demonstrated in the absence of a strategic assessment of their long term impact on staff motivation and retention.
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National Audit Office Strategy 2011-12 to 2013-14
Published on:The NAO Strategy 2011-12 to 2013-14 sets out how we will apply the unique perspective of public audit to help Parliament and government drive lasting improvement in public services.
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Procurement of the M25 private finance contract
Published on:The Highways Agency’s PFI contract to widen the M25 could have been better value for money. The slowness with which it was taken forward resulted in higher financing costs, and the Agency was slow to investigate a potentially cheaper alternative to widening.
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Ministry of Defence: The Major Projects Report 2010
Published on:Central Departmental decisions by the Ministry of Defence to try to balance the defence budget have reduced its cash-flow requirements in the short-term but at a long-term cost that represents poor value for money for the taxpayer.
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Taking the measure of government performance
Published on:In its final review of the quality of the data systems used by departments to measure progress against PSAs, the NAO underlines the vital importance of measuring government performance.
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Ministry of Defence: A defence estate of the right size to meet operational needs
Published on:The MOD, one of the largest landowners in the UK, has strengthened its estate planning and achieved significant receipts from disposal of property. However, the changes are not yet sufficient to drive value for money for the taxpayer rigorously.
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Increasing passenger rail capacity
Published on:With projected demand falling and costs of carriages rising, there are risks to value for money from plans to increase capacity on the rail network.
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Defra’s organic agri-environment scheme
Published on:The Department for Environment, Food and Rural Affairs and Natural England have not optimised value for money for the almost £200 million scheme to encourage farmers into organic farming and deliver environmental benefits, according to a National Audit Office report published today. The Organic Entry Level Stewardship scheme is overseen by the Department and run […]
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Venture capital support to small businesses
Published on:Venture capital funds injected by government into young companies can provide benefit to them, allowing them to raise finance not available through conventional means and to grow. But so far the funds have not been managed as a programme and lack a robust framework of objectives to measure performance, according to a report published by […]