A rolling deregulatory review of pension legislation has received a boost with the appointment of two external reviewers.
The Department for Work and Pensions has published a simplification plan, as part of the government's ‘Better Regulation' agenda, but has failed to include any further details of its rolling deregulatory review of pensions.
I am beginning to dread the use of the words 'simplify' and 'simplification' by the government. Often, it leaves me feeling more confused than ever.
Continued strong demand has led the CII to extend its education programme on pensions simplification aimed at advisers who need better understanding of pensions taxation rules.
HM Revenue and Customs has confirmed people can split pension transfers and still keep enhanced protection.
Wrap platform developer DSTi has acquired Pensions and Actuarial Services (PAS) to add pensions planning and calculations software to its solutions suite for UK financial advisers.
Workplace pensions schemes are under strain and the contribution of the private sector to pensions, despite government targets, seems likely to fall rather than increase, claimed the chairman of the National Association of Pension Funds (NAPF).
HM Revenue & Customs (HMRC) has published a discussion paper aiming to gain consensus on the application of the Inheritance Tax (IHT) law where it relates to new situations within the new simplification regime.
Scottish Life has pointed to the potential cash windfall afforded by equity release following new rules fixed to simplification on 6 April 2006.
Sipp specialist AJ Bell has confirmed its intention to enable UK residential property to be held within its online Sipp offerings, following A-Day on 6 April next year.