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...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.