The House of Lords Select Committee on Economic Affairs has delivered a damning verdict on government's plans to restrict tax relief on pension contributions for people with incomes over £150,000.
The committee's report on the 2009 budget said these changes "detract significantly from the simplicity, consistency and certainty which are the hallmarks of a good pension system". It added the impact...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.