OTS outlines demands for pension tax system overhaul
The Office of Tax Simplification (OTS) has called on the government to review its “complicated” pension tax measures and simplify engagement with the system.
In a report released yesterday (10 October), the OTS made a total of 15 recommendations around issues including tax relief provisions and retirement saving challenges. These include a call for the government...
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Excess mortality rate drops to the lowest level since March
The number of excess deaths for week 21 of the year have been very similar to the number of Covid-19 related deaths for the first time since March, according to the Continuous Mortality Index (CMI).
Have your say: Should schemes divest from tobacco, coal and controversial weapons?
In this week’s Pensions Buzz, we want to know if more schemes should follow Universities Superannuation Scheme (USS) in divesting from companies with significant involvement with tobacco manufacturing, thermal coal mining, and the production of controversial...
Accounting bodies release Covid-19 pension reporting guidance
Three accounting bodies have published specific Covid-19 guidance for the compilation of pension scheme accounts, recognising that “it can’t be business as usual”.
Coronavirus Blog: Accounting bodies release pension reporting guidance; The future of LGPS admin
In this live blog, Professional Pensions brings together all the latest news on the industry's response to the coronavirus pandemic, as well as regulatory and legal updates.
XPS tracker: Covid-19 deaths may have reached 50,000
A new tracker launched by XPS Pensions Group predicts Covid-19 related deaths for the UK are now at or close to 50,000.