The European Court has rejected the BT Pension Scheme's attempt to have its partial exemption from paying the Pension Protection Fund (PPF) levy restored.
Trustees of the £41bn scheme had challenged the conclusion of an investigation by the European Commission (EC) that had found the exemption to be illegal under state aid rules (PP Online, 11 February 2009)....
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.