Following cases in European courts, HMRC has recently changed the rules relating to the recoverability of VAT on professional fees paid in relation to occupational pension schemes. Tom Jackman explains what these changes mean for trustees and employers of defined benefit schemes
At a glance The issue for DC schemes is fairly straightforward but this is not the case with defined benefit schemes In November 2014 HMRC announced that the employer of a DB scheme would be able...
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.