The government has confirmed that "now is not the right time" to undertake significant reform of pensions tax policy, such as moving to a flat rate of tax relief.
The refrain is after a consultation on proposed changes to tax relief which could have seen higher- and additional-rate savers moved to a lower flat rate. However, in a letter to AJ Bell, Treasury...
Government proposals to employ a charge cap smoothing mechanism in a bid to incentivise defined contribution (DC) pension scheme investment in illiquid assets could have the opposite effect, says the Society of Pension Professionals (SPP).
Three people have appeared in court in connection with an investigation into pension fraud totalling nearly £14m.
Plans to increase the normal minimum pension age (NMPA) to 57 should be annulled, or transitional protections removed, amid “scant evidence” to support the decision, says Quilter.
The trustees of the BT Pension Scheme, Ford Pension Schemes, and the Marks and Spencer Pension Scheme have confirmed they will seek a judicial review of the decision to replace the Retail Prices Index (RPI) from 2030.
Clive Weber explores how the recent draft policy on new criminal sanctions explains TPR's future approach.