Some defined benefit scheme members face a tax hit of thousands of pounds if they receive a pay increase after 5 April, a lawyer warns.
Squire Sanders Hammonds partner Matthew Giles (pictured) said DB members of a scheme with a default pension input period risk their pay increase being wiped out if their employer has not brought forward...
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).