Fears HM Revenue & Customs may stop trust-based money-purchase plans from paying pensions directly to members are unfounded, a consultant claims.
Smith & Williamson head of pensions Mike Fosberry said such a move was unlikely because HMRC would lose a source of income as any scheme pension payments were subject to a tax charge. He added the...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.