SOFA urges Revenue to change death benefit proposals

Responding to the Revenue's second pension simplification paper published in December last year, SOFA says the proposals for post age 75 death benefits - allowing any surplus funds after death to fall back on to the scheme and its members - will create inequalities between different kind of pension savings. In particular, the suggested rules are putting personal pensions at a disadvantage as they can only apply to occupational schemes. Bob Bullivant, managing director of SOFA, says: "One of the greatest benefits of the simplified approach is that there is equality of treatment regardl...