Standard Life

Life offices may have succeeded in finding a way around a potential 70% tax charge for members who want to transfer their pensions after taking tax-free cash.

Standard Life is scrapping the retirement age for its 8,000 workers ahead of new employment legislation aimed at outlawing age discrimination, reports the Scotsman .

Standard Life has announced its pension term assurance Life Insurance with Tax Relief (LITR) is now available online.

Calculations of pension transfer values for defined benefit schemes should be made simpler and fairer to the transferring employee claims Standard Life.

The 'silly season' prompts stories which usually wouldn't see the light of day so IFAonline's Silly Season Shorts highlights the 'financial services news' hoping to catch the media eye.

STANDARD Life's top executives could receive a total of almost 2.8m shares, after the company's cash-based incentive scheme was converted to share-based awards, reports the Scotsman.

Some life offices are attempting to provide clients with a way of 'having their cake and eating it' when it comes to taking tax-free cash.

Financial advisers are expecting more clients to surrender their Standard Life with-profits policies as its latest bonus rate announcement reveals the fund returned just 2.2% in the last six months.

MORE THAN 50,000 policyholders, who failed to register before the original deadline for free Standard Life discounted shares, have now claimed their windfalls, reports The Scotsman .

HM Revenue and Customs seems to be allowing pension scheme administrators to use their own judgement when applying certain tax charges.