UK - Legal & General has produced an in-depth and easy-to-read analysis for IFAs on the government's pension tax simplification proposals.
The report – Pensions Simplification: Time and tide wait for no plan – is part of the firm’s new technical support service for IFAs in the retirement planning market.
Head of pensions technical services Colin Batchelor said:
“It is clear that any attempt at pensions simplification will be complex in its delivery and the need for advice will be considerable.”
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.