There is an eight month backlog to process guaranteed minimum pension (GMP) data at HM Revenue and Customs (HMRC) according to Hymans Robertson.
The firm sent data from a client to HMRC but received a notification on 22 November which reveals the pressure the department is under. HMRC told Hymans Robertson files being submitted via the GMP...
Members of the Pensions and Lifetime Savings Association (PLSA) have given a green light to changes to the trade body's constitution and articles of association.
The newly-appointed chairman of the Pensions and Lifetime Savings Association (PLSA) has pledged to "open up" the organisation in a bid to improve policy development.
The Department for Work and Pensions (DWP) has suggested its forthcoming white paper on defined benefit (DB) provision will only show the direction of travel on consolidation, rather give than a definitive answer.
A raft of consultations and draft regulations will greet the industry over the coming weeks and months, the pensions and financial inclusion minister confirms.