UK - The greatest deterrent to growth in personal pensions take-up is the complexity of the tax regime, according to Hewitt Bacon & Woodrow.
In his presentation, pensions consultant Richard Whitelam highlighted the implications of the Inland Revenue’s proposals in its pensions tax paper.
On the whole, he said, the Revenue’s proposals “will simplify and streamline pension tax rules”.
The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.
Premier Inn owner Whitbread has cut its defined benefit (DB) pension deficit to £162m ahead of its agreed £3.9bn sale of Costa Coffee to Coca-Cola.
Trends in longevity and mortality have proven difficult to forecast historically, but are vital to funding schemes and ensuring adequate retirement pots. James Phillips explores the key influences
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.