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Platforms fear legacy plan will scupper re-registration
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Platforms have warned the FSA’s decision to class re-registration as a non-advised process, therefore allowing legacy commission to continue being paid after the fund switch, could scupper the re-registration process.
added on 06/01/12 @ 10:47am
Shell closes final-salary scheme to new members
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Royal Dutch Shell has announced plans to close its final-salary pension scheme to new members. The oil company is the only member of the FTSE 100 to run an open final salary scheme.
added on 06/01/12 @ 10:45am
Govt has made 'no savings' from public sector retirement age
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The Government has made no savings by increasing the retirement age for public sector workers to 67, independent pensions consultant John Ralfe says. Ralfe’s analysis suggests the savings to the tax payer from aligning the retirement ages of public sec
added on 06/01/12 @ 10:43am
Small pot commutation rules extended to personal pensions
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The Government has announced an extension to trivial commutation rules which will allow people with personal pension pots worth £2,000 or less to commute a maximum of two such pots in their lifetime. Currently, people can take a pension pot as cash aft
added on 07/12/11 @ 11:28am
HMRC carry forward ruling gives boost to pension savers
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HM Revenue & Customs (HMRC) has issued new guidance on carry forward rules which means investors can now pay up to £150,000 of unused contribution allowances from the last three years into pensions. Old carry forward rules meant that investors who ha
added on 28/11/11 @ 04:28pm
Gov't confirms auto-enrolment delay
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Auto-enrolment will be delayed for small businesses, the Department for Work and Pensions (DWP) has confirmed. Speaking in parliament, pensions minister Steve Webb said auto-enrolment for small businesses would not go ahead until after the end of this
added on 28/11/11 @ 04:26pm