UK - Companies are turning to cash allowances or UURBS (Unfunded Unapproved Retirement Benefit Scheme) as alternatives to pension benefits for executives likely to suffer the Lifetime Allowance (LTA) charge but Watson Wyatt has questioned the value of the move.
A new survey by the firm of 190 companies found that 66% are planning to offer a cash allowance in place of a pension. Some 39% are considering providing benefits through an UURBS, either unsecured...
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