The reduction of the annual allowance in 2014 has caused a significant rise in the number of people breaching the limit.
In the 2014/15 tax year - the last date at which the data is available - 7,000 people had reported on their tax return that they had breached the limit of £40,000. This is up 79% from 3,900 people in the...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.