Last week, in an interview with the Daily Mail Steve Webb called for an overhaul of tax relief on pension contributions that would see a flat 30% rate introduced and the lifetime allowance axed.
He said the current system gave greater incentives to save to higher rate tax payers - and added the lifetime allowance was an "illiberal" concept. Webb told the paper: "Most people get 20% relief,...
Escalating standards for sole trustees will become a norm for reputable firms, even if they are voluntary, says Nigel Hill.
Sole trustees will be expected to assess whether to report to The Pensions Regulator (TPR) if they are removed, or resign, from an appointment because of sponsor’s actions.
Overall mortality remains in line with pre-coronavirus trends despite a recent increase in Covid-19 related deaths, according to the Continuous Mortality Investigation (CMI).
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.
XPS Pensions Group has posted a total revenue growth of 9% in the six months to 30 September 2020, its pre-close trading update shows.