Local government pension scheme (LGPS) members have been banned from taking their entire tax-free lump sum from a pot built up through additional voluntary contributions (AVCs).
The rules - part of the LGPS 2014 regulations - will apply to workers who joined AVC schemes from 1 April, who will be limited to taking 25% of this pot as tax-free cash. Historically, tax-free cash...
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.