Nearly all of scheme managers believe the current economic environment will lead to a new wave of companies closing pension schemes to existing members.
An exclusive survey of 100 senior scheme managers by Professional Pensions showed that 96% believed more schemes would close to existing members. Only 4% believed this would not be the case. One manager...
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.