The government will save more than £2.5bn through a clampdown on "complex asset- backed funding structures" that allow firms to over-claim tax relief, says George Osborne.
The measures announced in the Autumn Statement will mean firms that set up an asset-backed funding vehicle can claim tax relief on assets contributed to it or payments received by the scheme, but not both....
Collective defined contribution (CDC) savers should be allowed to access pension freedoms when the scheme is rolled out, last week's Pensions Buzz respondents said.
Partner Insight: A fiduciary management approach gives trustees a richness of information you can't get with a standard adviser approach, especially in times of market uncertainty, explain Russell Investments' David Rae and Paul Wharton
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.