The Treasury is in talks with US authorities to grant UK schemes a full exemption from the Foreign Account Tax Compliance Act.
UK trade bodies will be lobbying the British and American authorities to clarify whether UK pension schemes will be exempt from the Foreign Account Tax Compliance Act.
The Foreign Account Tax Compliance Act could force UK pension schemes to jettison their US investments, policy experts warn.
A US crackdown on tax-dodgers could leave British schemes with an "administrative and costly nightmare", a lawyer warns.