Members retiring on incapacity grounds could face a hefty tax bill if they fall into a gap between scheme rules and new exemptions from the annual allowance test, a lawyer warns.
Allen & Overy senior professional support lawyer Helen Powell (pictured) said an increase in income through enhanced incapacity pension could drag members over the £50,000 threshold and trigger a tax charge...
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).