MILLIONS of pounds a year are wasted on employee benefits packages because staff do not understand them, Oval Financial Services warns.
Its survey of 4180 workers found 75pc did not fully understand their benefits package. It also revealed that while 32pc of employees hoped to retire before 60, more than 60pc did not believe they were...
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.