UK - Two men have been sentenced to a total of five-and-a-half years for defrauding the Inland Revenue through a pensions liberation scam.
Steven Russell and William Ferguson were convicted at Oxford Crown Court of marketing four liberation schemes which cost the government over £1m in lost taxes.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.