The effect of the phasing out of contracting out for defined benefit schemes is dividing opinion amongst pension experts.Towers Watson says the move will lead to more employers closing these schemes to...
The introduction of a regular independent review of longevity to manage automatically future changes in the state pension age could see younger people waiting until after age 75 before getting a state...
Hames: Bigger upheaval than A-Day The planned merger of income tax and National Insurance contributions will create more upheaval than A-Day, and could lead to the end of salary sacrifice, experts have...
The Association of Medical Insurance Intermediaries has attacked George Osborne for missing a great opportunity to remove the unfair and inconsistent tax that is the Class 1A National Insurance charge on employer...
Friends Provident says the Budget change that reclassifies new protection business and removes it from the longer ’I minus E’ tax structure has levelled the playing field in the market.Friends said the...
Just as the pensions industry thought a semblance of predictability had been brought to the tax incentives of saving for retirement, the issue has blown up yet again.Many experts had predicted that...
The firm says it has created Lift-Advice to operate in the restricted advice space to meet the differing consumer advice and service needs post-RDR. Lift-Financial joint CEO Michael Holden says: “We are...
But the long timescale envisaged for the introduction of the change means existing salary sacrifice implementations need not be put on hold.Chancellor George Osborne announced in the Budget a plan to merge...
The effect of Chancellor George Osborne’s Budget indication that contracting out for defined benefit schemes is to come to an end is dividing opinion amongst pension experts.Towers Watson says the move will...
The group, set up by the FSA and overseen by the Society of Pension Consultants, has identified four key principles for consultancy charges - simplicity, transparency, value and flexibility/adaptability. It says initial...
