Treasury rejects criticism of MPAA cut
The Treasury has rejected calls to change its mind on a planned cut to the money purchase annual allowance (MPAA) due to take effect next month.
From 6 April, savers will see the allowance slashed by 60% from £10,000 to £4,000 in a government bid to stop savers from "recycling pension savings" and benefitting from double tax relief. The MPAA...
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B&CE furloughs 140 staff and changes charging structure
B&CE, the provider of The People’s Pension, has furloughed just under a quarter of its members of staff in response to pressures from the Covid-19 crisis.
HMRC pushes back deadline for GMP data cuts
HM Revenue and Customs has extended the deadline for the issue of final reconciliation data cuts due to the coronavirus outbreak.
Coronavirus-driven capacity crunch to leave DB members flailing
Retirees looking to access additional income from their defined benefit (DB) scheme during the Covid-19 crisis will be victims of a “capacity crunch” as suitable financial advisers flee the market, according to Barnett Waddingham.
Smarterly acquires Salvus Master Trust
Smarterly, a FinTech business focussed on workplace savings, has acquired Salvus Master Trust for an undisclosed sum.
Active or passive - which is the sustainable solution?
Newton’s Catherine Gill assesses sustainable investment choices for DC schemes
