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.
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.