UK - Property Investment funds will be no more than "a nice idea" unless they are tax transparent and uncomplicated, adviser BDO Stoy Hayward warns.
The firm, responding to the Treasury’s PIF consultation which closes tomorrow, believes PIFs should pay 20% corporation tax while distributions from the fund would include a full 20% tax credit which would be recoverable by pension funds and charities.
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
UK defined benefit (DB) schemes have increasingly undertaken benefit reviews over the last four years resulting in an acceleration of scheme closures, Aon research finds.
Contributions are no longer sufficient to meet regular payments for three-quarters of small- to medium- sized defined benefit (DB) schemes, Buck analysis finds.