Retirement
Retirement | 20 Feb 17
Easier rules for small DB pension transfers considered
The UK government is open to considering a relaxation of the current rules around defined benefit pension transfers where the saver’s entitlement is quite small, a new consultation paper released on Monday showed.
Retirement | 20 Feb 17
UK plans to reform DB schemes trigger alarm bells
The UK government has suggested softening the rules on how defined benefit (DB) pension schemes should adjust payouts for the impact of inflation in a new report on tackling challenges facing the sector.
Best Practice | 16 Feb 17
Mixed responses to UK pension scam consultation
The UK government’s consultation on tackling pension scams received mixed responses, as it acknowledged that the pension freedoms may have contributed to the rise in scams.
North America | 15 Feb 17
All Canadian schemes removed from HMRC Rops list
UK pension transfers to Canada have been effectively blocked after the three remaining Canadian recognised overseas pension schemes (Rops) were removed from HM Revenue & Customs’ (HMRC) list on Wednesday.
Retirement | 14 Feb 17
UK taxman shutting down online Rops service
HM Revenue & Customs (HMRC) will close its online service for managing recognised overseas pension schemes (Rops) on 5 April 2017, as it is no longer collecting the information the taxman needs.