A-Day to remember...

We have all heard a lot of talk over the past year about pension simplification rules in the UK and A-Day but what does it all mean for overseas pensions business such as corresponding approval and s615 schemes? The Inland Revenue has been willing to respond to industry concerns but - inevitably, given the size of the task at hand - information on the detailed rules for each conceivable scenario has been slow to emerge. The position seems worse when a business involves something obscure and the wait for decisions on all the 'what happens if…' questions can be very frustrating. But now...