UK - Government tax advisors have slammed the Chancellor's pre-budget report for not taking steps to simplify pensions tax.
The Chartered Institute of Taxation said it regretted that the opportunity was not taken to clear up the “unnecessary complexity and confusion” surrounding the eight different tax regimes for pensions.
An analysis of IGC annual reports finds some lacking in information on value for money, costs and charges, and investment performance. James Phillips explores the findings
A new cost transparency solution is being developed for pension schemes by a financial services technology firm.
Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.
The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).