Chancellor ignores net-pay pensions tax relief anomaly; Branded 'missed opportunity'
Philip Hammond has failed to address the net-pay anomaly affecting lower-paid earners who are missing out on tax-relief on their pension contributions in today's Autumn Budget.
It comes despite industry heavyweights urging the chancellor to take action on the net pay tax-relief anomaly earlier this month, which included the likes of former pensions minister Baroness Ros Altmann,...
More on Defined Contribution
LCP calls for 'fundamental rethink' on DC chair's statements
Defined contribution (DC) chair’s statements need a major re-think as part of the Department for Work and Pensions’ five-yearly statutory review on the rules around scheme governance in 2021, LCP says.
Consolidating DC schemes urged to act before 'capacity crunch'
Trustees must undertake a five-step process urgently if they are seeking to move their single-employer defined contribution (DC) scheme into a master trust, says Premier.
Cushon eyes more master trusts after Salvus acquisition
Workplace savings fintech Cushon has expanded its acquisition target to include pension-focused businesses as well as master trusts.
AE remains resilient despite pandemic and pension contribution increases
Auto-enrolment (AE) remained resilient during the Covid-19 pandemic and in the wake of minimum contribution increases, according to a report by Nest Insight.
Quarter of schemes switch to DC master trusts; a further half planning similar move
Transfers to defined contribution (DC) master trusts will continue well into 2021, latest research from Sackers reveals.
