NAPF seeks legal route to VAT refund of £300m
THE NATIONAL Association of Pension Funds is considering launching a test case against HM Revenue and Customs in a bid to recover up to £300m of VAT for UK schemes.
The European Court of Justice ruled investment trusts should be exempt from paying value-added tax on the fees charged to them by third parties for the management of its assets at the end of last month...
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PTL bolsters Midlands presence with client director hire
PTL has appointed Karein Davie as a client director in its Birmingham office.
LDI activity rebounds in Q2 after subdued Q1; LIBOR to SONIA switching driving activity
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
Inflation sees first rise since November to 2.5%
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
Proportion of DB schemes targeting buyout trebles in past five years
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.