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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Five stories you may have missed this week
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
RBS reports £100m GMP impact; slashes equity exposure by two thirds
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.
Good communications are more important than ever
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point