UK - Norwich Union has launched a new pension simplification information pack to help IFAs prepare for the new Inland Revenue proposals.
‘Simplification’ helps IFAs understand how their businesses will be affected and how to ensure a smooth business transition.
Head of pension development Iain Oliver said: “The next 15 months will see a period of extensive change in the pension industry and it is our aim to help IFAs prepare for this.”
Pension freedoms could generate as much as £1.9bn a year in tax revenue for the next 10 years, according to research by the Pensions Policy Institute (PPI).
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
A looming court decision on gender equalisation of pension schemes could hit FTSE 100 profits by up to £15bn, Lane Clark and Peacock (LCP) says.
Dutch custodian KAS Bank has created a fintech solution to help schemes save on costs and improve transparency of currency hedging strategies.