Industry dubs latest HMRC figures ‘absolute disgrace’ as more than £1bn is repaid to savers
The decision could have implications for both the members and the schemes
Members who hold valid enhanced or fixed protections will be able to accrue new benefits
‘Some rowing back’ may happen as framework is taken apart
LCP said the rising costs should be welcomed as evidence of the success of auto enrolment
BoE sells £750m of gilts, and Agfa Pension Plan completes £200m buy-in with Standard Life
LCP branded it a ‘quiet scandal’ as HMRC admits to paying back more than £900m
Claire Rankin says there are six points that trustees should consider now
But lifetime allowance charges increase by 11% on previous year
AJ Bell analysis found pension freedoms over-taxation reclaims are approaching £900m