HMRC has come under fire for how it gathers tax from victims of pension liberation. However, could more be done to prevent members from transferring out in the first instance? Kristian Brunt-Seymour looks at the options.
At a glance: Protective assessment letters could remind members of the repercussions if they decide to transfer out early. Providers and independent government bodies should reinforce the dangers...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.