THE final member of a small self-administered scheme had to pay penalty tax charges after he tried to take £225,000 as a tax-free lump sum.
In Harry Thorpe v Revenue & Customs Commissioners, an attempt by the trustee and only remaining scheme member to take all remaining scheme assets as a tax-free lump sum was rejected by the special commissioner....
Newton Investment Management's series of DC columns continues with Gerald D Rehn of BNY Mellon forecasting innovation in the market
Pension Insurance Corporation (PIC) has agreed to a 30 year debt investment in Phoenix Community Housing, a not-for-profit, resident-led housing association in London.
Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.