News

Tax bills triple for the prudent wealth creators; 50p tax rate may end up costs government money, warns IFS; Take the Sir out of Sir Fred Goodwin, MP urges civil service chief

Taxation of high earners pension contributions is the final nail in the coffin of defined benefit provision, Hargreaves Lansdown claims.

DENMARK - Danes could withdraw DKK25bn (US$4.4bn) from their pension savings if a government proposal to release part of the savings managed by ATP is approved in May, the fund has said.

Pensions legal recruitment increased by 19% in the first quarter of 2009 compared to the same period last year, GRS Legal claims.

Trustees of the £200m Grant Thornton Pensions Fund have appointed Wragge & Co to provide ongoing legal advice.

Schemes considering a buyout must ensure their membership data is correct and up-to-date, advisers warn.

Pensions move seen as 'attempted ransack'; Wealthy left to lick their wounds; Pension providers warns of unintended consequences; Plan fails to protect poor, says charities; Pension to rise despite deflation in economy; Pension fund deficit depends at...

The Pension Protection Fund has hit back at critics predicting the lifeboat fund's "long and lingering death".

NETHERLANDS - Pensioenfonds Zorg en Welzijn (PZFW) reported a decline in its funding level from 92% at the end the fourth quarter of 2008 to 89% at the end of the first quarter of 2009, data from its latest quarterly report reveal.

EUROPE - The Bureau of the European Parliament has confirmed three measures to shore up the struggling additional voluntary pension scheme for MEPs, following mounting concerns the bill could be passed on to taxpayers.