Employee tax relief receipts rise to £4.3bn; Freedom withdrawals pass £25bn
Members of occupational pension schemes claimed £4.3bn in pensions tax relief in 2017/18, as total relief climbed £1.1bn.
Tax relief granted to employers and employees of occupational pension schemes hit £23.3bn in the 2017/18 tax year, rising from £22.5bn the year before. In figures released today (30 April), HM Revenue...
More on Defined Contribution
Exclusive: Evolve Pensions overhauls online offering with additional tools and access
Evolve Pensions has launched a new member website called Evolink for its Crystal master trust, which includes additional online functionality to its previous system.
Metropolitan Thames Valley to open DC arrangement and appoint master trust
Metropolitan Thames Valley Housing (MTVH) is planning to set up a defined contribution (DC) pension arrangement to provide future benefits for current employees and new joiners through auto-enrolment (AE).
Master trusts liable for quarter of general levy costs despite holding only 2% of funds
Ten master trusts will pay at least 25% of the total general levy despite holding just 2% of assets, according to The People’s Pension (TPP).
The People's Pension delays plans to cut fees for 4.7 million members
The People’s Pension’s (TPP) plans to overhaul its charging structure have been delayed following system testing issues.
PASA publishes master trust transition guidance
The Pensions Administration Standards Association (PASA) has published its first batch of guidance on defined contribution (DC) master trust transition, as further consolidation is expected.
