UK - Employers are to be given tax incentives to offer pensions advice to staff.
Chancellor Gordon Brown’s Budget said firms which provided access to pensions information and advice to employees worth up to £150 per person per year, would be able to do so tax-free.
Pensions minister Malcolm Wicks said: “The workplace is the key route for information and advice on pensions and pilot schemes are already in place to test how we can use it most effectively. We will be working with employers and the financial services industry to take these forward.”
The Marks and Spencer Pension Scheme has completed buy-in deals worth £1.4bn with two insurers, mirroring similar transactions last year.
There have now been a total of 47 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...
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