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...
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.