News

Middle sized pot holders could be encouraged to take financial advice by the guidance guarantee, according to pensions minister Steve Webb.

Ikea has topped up long-serving employees' pension pots by more than £1,000 each as part of a €200m (£157m) bonus scheme.

The government has confirmed it will not proceed with proposals to launch a new employee shareholding vehicle or introduce ‘marketable securities'.

Middle sized pot holders could be encouraged to take financial advice by the guidance guarantee, according to pensions minister Steve Webb.

The Chancellor will introduce legislation to stop fund managers disguising their fee income to avoid paying tax.

The Treasury will net an additional £1.15bn in taxes as a result of defined benefit (DB) members transferring to take advantage of incoming defined contribution (DC) freedoms.

Increases in employer contributions to public sector schemes will net central government £335m a year, rising to £390m by 2020, according HM Treasury.

The 55% tax charge levied on beneficiaries of individuals who die under the age of 75 with a joint life or guaranteed term annuity has been abolished in today's Autumn Statement.

A settlement has been reached at Jaguar Land Rover after its workforce threatened industrial action as a proposed pay offer did not meet employees' expectations.

The National Association of Pension Funds (NAPF) has published its 40th annual member survey, charting four decades of change in workplace schemes.