Scheme members who take tax-free lump sums and reinvest them in an unsecured pension could face a tax charge of 70pc, Scottish Equitable warns.
Head of pensions development Rachel Vahey said Scottish Equitable has been receiving two or three calls a day about using tax-free lump sums to buy unsecured pensions. But the firm has been turning the...
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.