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....
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).