Aviva has called on the government to scrap higher rate tax relief on pensions and introduce a blanket unified relief rate of 30%.
The UK’s largest insurer said the current system caused “widespread confusion” when planning for retirement. It said the change would benefit and encourage the 85% of people who are basic-rate taxpayers...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.