Her Majesty's Revenue and Customs has revealed it will amend its salary sacrifice rules to prevent unfairly penalising employees who opt out of auto-enrolment salary sacrifice pension schemes.
It has agreed to change its rules to allow staff that opt out to do so at anytime and receive a full post-tax salary refund. The change had been strongly lobbied for by scheme providers, including Friends...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point