Companies with defined benefit (DB) schemes are considering closing them due to changes in tax allowances made in the 2015 Budget according to research from PwC.
Higher earners will see the amount they can save over their working life before they lose tax relief on contributions cut from £1.25m to £1m from April 2016. The annual allowance will also be cut from...
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.