High earners who contribute 15% of salary to a pension could be £18,000 a year worse off following the raft of tax changes introduced by the government, Punter Southall warns.
The consultant said thousands of people on higher incomes face material reductions in their net income from this month, as the initial impact of a raft of tax changes hits corporate payrolls. It added...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).