The Office of Tax Simplification (OTS) has called on the government to review its “complicated” pension tax measures and simplify engagement with the system.
Willis Towers Watson's secure income fund has reached £1bn of commitments in the UK, as pension scheme demand for long-term sustainable income soars.
Hymans Robertson has appointed Michael Abramson as a partner and risk transfer specialist to grow its risk reduction offerings.
More than 25,000 steelworkers did not return their 'options forms' and as a consequence will remain in the current British Steel Pension Scheme (BSPS) for now, to move into the Pension Protection Fund (PPF) at the end of March.
House builder Persimmon's defined benefit (DB) scheme has fallen into a funding deficit after liabilities climbed £73.4m in twelve months.
Trustees in defined benefit (DB) schemes need to act now if they want to preserve the power to refund surplus to employers.