Some 20% of FTSE 100 defined benefit (DB) pension schemes would be at risk of failure if the UK entered another economic downturn, research suggests.
The Cardano and Lincoln Pensions study found, using the Pension Protection Fund's (PPF) stressed scenario, FTSE 100 DB schemes would see a deficit increase of £100bn across the whole index. It said...
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.