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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40,000 companies fined over auto-enrolment failures
More than 40,000 companies were issued fines for failing to meet auto-enrolment (AE) obligations in 2018, The Pensions Regulator (TPR) has confirmed.
Have your say: Which single pensions policy area would you most like to see addressed in the upcoming budget?
In this week’s Pensions Buzz survey we want to know which pensions policy area you would most like to see addressed in the upcoming budget.
Retirement planning a low priority for most, Sanlam warns
More than three quarters of adults have not set savings targets for retirement, according to Sanlam.
Pension risk highlighted as UK system lags in global retirement rankings
The UK has failed to impress in an international analysis of pension systems due to serious concerns over sustainability.
Five stories you may have missed this week
This week’s top stories include the outcome of the Queen’s Speech, and HM Revenue and Customs calculation that pensions tax relief will cost the government £40bn this year.