A loophole that enables firms to give final salary scheme members a tax-free incentive to transfer out of their fund has been closed.
Firms that are struggling with defined benefit liabilities have increasingly been offering members a tax-free lump sum on top of their transfer value to leave the pension fund. But HM Revenue & Customs...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.