The Treasury could net a tax windfall from scheme members who fail to check benefits against their lifetime allowance, Standard Life claims.
It believes administrators may decide to deduct a lifetime allowance charge of 25pc on every member who reaches the age of 75 without taking benefits to comply with HM Revenue & Customs advice. HMRC...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point