Three-quarters of scheme managers believe Budget proposals to restrict higher-rate tax relief on pension contributions for people with incomes over £150,000 from April 2011 will have negative consequences for occupational schemes.
An exclusive survey by Professional Pensions showed that 75% of scheme managers said these proposals would have negative consequences, 19% said they would not and 6% were unsure. One manager said: "The...
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.