TAX relief in pensions for higher rate taxpayers is under siege and beginning to look pretty vulnerable, warns Hargreaves Lansdown.
But head of pensions reform Tom McPhail told PP that with around four million high rate tax payers in the UK any moves to scrap higher rate tax relief would be “catastrophic” and could harm the industry...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers