STAMP duty on shares reduces a typical pension fund at retirement by up to £11,500, latest research reveals.
The study by Oxera – commissioned by the Investment Management Association, the Association of British Insurers, the London Stock Exchange and the City of London Corporation – found the 0.5pc tax on share...
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.
Labour Party plans to renationalise core industries and require the largest listed companies to hand 10% of shares to employees would be a "double whammy" for pensions, business leaders have warned.