Inspectors to get guidance on employer contributions

The move follows suggestions some local inspector of taxes have been reverting back to the old maximum funding rules as the ‘wholly and exclusively’ concept seems to have been too confusing. Rachel Vahey, head of pensions development at Aegon Scottish Equitable, says they have received a significant number of calls which have suggested local inspectors are reverting back to the pre-A-Day rules. She says if this is the case, it is disgraceful and it should stop straight away as there is no place for these rules within the new regime, and you can’t have all these massive changes and then ...