The government is planning an overhaul of the way it grants tax relief on pensions which will cost the industry, employers and the government "hundreds of millions", Baker Tilly warns.
Employee benefits partner David Heaton said the government has been "softening up" the public ready for a blow to higher rate pension relief for some time. He said Her Majesty's Revenue & Customs published...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.