PENSION schemes will no doubt be pleased to hear that the National Association of Pension Funds is considering launching a test case against HM Revenue and Customs in a bid to help them recover an estimated £300m in overpaid value added tax.
When the European Court of Justice ruled that investment trusts should be exempt from paying VAT last month, tax experts were quick to say the ruling could be extended to pension funds. Yet HMRC were...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point