Advisers setting up group personal pensions (GPPs) must add VAT to the charges they levy on employers, HM Revenue and Customs (HMRC) has confirmed.
In a brief issued on 17 April, HMRC said businesses advising on GPPs and employers receiving their services should be aware that fees on GPP advice will attract VAT.Previously it had been common for advisers...
As deficits continue to grow Con Keating urges schemes to think carefully about what they do next.
Allowing struggling defined benefit (DB) schemes to temporarily stop paying pension increases could help them get back on track while avoiding huge cuts to members’ pensions.
Demand for buy-ins is set to triple over the next decade as more defined benefit (DB) schemes look to offload their liabilities to insurers.
The local government pension scheme (LGPS) pools have come under fire for not including member representation on governance boards to oversee the radical changes.