News

How will the latest funding reviews affect schemes and sponsors

Top comedian to present accolades at ceremony on 9 May

The aggregate deficit of schemes in the Pension Protection Fund 7800 index fell slightly last month from £265.6bn to £222.2bn.

Trustees risk seeing their Pension Protection Fund levy rise by "millions" if they do not focus on the type of guarantee given by scheme sponsors, Mercer warns.

The Pensions Regulator is set to launch an investigation into administration switching after scheme concerns over cost and data transfer issues.

The industry breathed a collective sigh of relief after today's Budget, with no changes to higher-rate tax relief and announcements on state pension reform and infrastructure investment.

Pension tax relief, tax-free lump sums and the annual allowance remained unchanged in the Budget, much to the relief of the pensions industry.

The revised auto-enrolment implementation schedule will net the government £380m in reduced tax relief on pension contributions, according to budget documents.

The point at which people start paying income tax has been increased to £9,205, George Osborne announced in today's Budget.

Chancellor George Osborne will make "no significant" changes to higher-rate tax relief.