News

HM Revenue and Customs (HMRC) is taking a risk-based approach to dealing with benefits taxation - putting a greater emphasis on benefits and reward professionals to monitor taxable benefits.

Concerns over an auto-enrolment (AE) capacity crunch in early 2015 have been compounded by the announcements made in the Budget 2014, say consultants.

The Financial Reporting Council (FRC) has formally agreed proposals from the Investment Management Association (IMA) that will see fund managers break down profits and losses in pounds and pence figures for the first time.

Partnership has taken immediate action to control costs after predicting its individual annuity sales would fall 50% following the Budget.

The trustee board of the Universities Superannuation Scheme (USS) has appointed Kirsten English as an independent non-executive director from 1 May.

Workplace Challenge and the British Heart Foundation are launching a training course to help employers develop their health and wellbeing initiatives to improve workforce health.

Royal London has agreed a longevity swap with RGA International to cover the risk associated with £1bn of pension liabilities.

The industry wants government departments to work together more closely to avoid undermining the pension system through inconsistent policies.

The Investment Management Association (IMA) has called on members to "abandon" the use of annual management charges (AMCs) on any literature following the Financial Conduct Authority's guidance on fund fees.

Trustees of the RetailLink Management Limited pension plan have put in place a deal to buy out the £35m scheme over the next four years.