News
HMRC urged to amend rules to avoid difficulties collecting IHT on pensions
3+ hour, 30+ min ago (608+ words) Pension bodies are urging "HMRC to make changes to the way it is planning to collect IHT on unspent DC pension funds, warning current proposals risk creating delays and confusion for grieving families. Both the Society of Pension Professionals (SPP)…...
HMRC delays on final IHT guidance creating problems for pension schemes: LCP
1+ mon, 2+ hour ago (652+ words) HMRC is giving pension schemes insufficient time to prepare for changes which will bring pensions into the inheritance tax net next year, according to consultants LCP." Their stark warning comes as HMRC publishes a technical note today, setting out further…...
LCP: Service standards rising across master trusts
1+ mon, 2+ week ago (319+ words) Analysis of master trusts by consultancy Lane Clark & Peacock has highlighted improvements in the quality of service members are receiving and shows that providers are developing a range of solutions as decumulation options increase. The report also claimed progress has…...
TPR urges master trusts to prepare early for DC scale requirements
3+ mon, 1+ day ago (410+ words) Trustees of defined contribution (DC) master trusts should begin preparing for future scale requirements under the forthcoming Pension Schemes Bill, according to new guidance from the Pensions Regulator (TPR). The regulator said schemes should start assessing their potential to grow, develop…...