Defined benefit schemes have become an endangered species in the private sector in recent years. But now, it seems, there is a chance the unthinkable might be about to happen and firms could start to reopen their final salary plans to new members.
Pension deficits have been tumbling due to interest rates rises, buoyant equity markets and prudent funding by sponsors with shortfalls at Britain’s biggest firms now standing at around £31bn – their lowest...
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.