Investment

Retirement Planner's round-up of the top pension stories this week.

TOP JOBS

The initial hike in the state pension age (SPA) for women improved public finances by £2.1bn as employment rates for both women and men increased, research from the Institute for Fiscal Studies (IFS) has found.

The National Association of Pension Funds (NAPF) and Wheels Common Investment Fund (WCIF) have lost their bid to recoup £2bn in backdated VAT on investment management services for defined benefit pension schemes.

The Department for Work and Pensions (DWP) must monitor the overall rate of participation in auto-enrolment rather than focusing on opt-out rates, providers have warned.

Retirement Planner's round up of the top pension stories this week.

In this week's quick fire poll we ask: Would you like to see 'defined ambition' pensions?

Andrew Meeson and Peter Spencer Bradley have been jailed for eight and half years each for their roles in a £5m pension tax fraud dubbed by a judge as "stealing money hand over fist".

Pensions minister Steve Webb has reiterated his interest in providing guaranteed returns in defined contribution schemes to create of risk-sharing ‘defined ambition' vehicles, describing it as a "stunning sales pitch".

Disgraced former tax boss Andrew Meeson - found guilty of a £5m pensions tax fraud and jailed for 8.5 years - has been linked to two alleged pensions liberation cases.