Pensions

Insight / Women lose out on pension auto-enrolment

Women are being unfairly disadvantaged over pensions, because they are more likely to have multiple low-paid jobs and cannot meet auto-enrolment requirements, according to research by Citizens Advice, which is advocating a change to the rules

Insight / DWP consults on defined benefit pension scheme reforms

The Department for Work and Pensions (DWP) has launched a consultation on measures to ensure defined benefit (DB) pension schemes within the private sector remain a secure and sustainable option, given the growing number of schemes in deficit

Insight / Death announced of former Maxwell whistleblower

The death has been announced of Basil Brookes, the former finance director at Maxwell Communication Corporation, and one of the whistleblowers to raise concerns over accounting issues within Robert Maxwell’s publishing empire, which included the Mirror newspaper

Tax / HMRC axes QROPS digital service for overseas pension reporting

HMRC is to close the online service for managing qualifying recognised overseas pension schemes (QROPS) in six weeks’ time, while plans to limit overseas transfers have come under fire

Insight / Consultation on auto enrolment technical changes

The Department for Work and Pensions (DWP) is consulting on plans to make two technical changes to the automatic enrolment process, which will apply to new employers due to become subject to automatic enrolment duties during 2017, and are designed to make the transition easier

Insight / Case: pension rights for unmarried couples?

The Brewster Supreme Court ruling on the pension rights of a co-habiting partner highlights differences in regulations covering public sector pensions in Northern Ireland and the rest of the UK, and there are implications for private sector pension schemes, says Becky Ryding, a pensions solicitor at Gateley plc

Insight / Supreme Court rules on disputed pension rights for partner

A woman whose long-term partner died suddenly has won a legal battle which could change the pension rights of unmarried couples working in the public sector

Tax / HMRC consults on ISA rule changes for deceased estate

HMRC is consulting on draft legislation to extend ISA tax advantages to investments held within an account after the death of the account holder to reduce the taxable charge

Tax / Pensions Advice Allowance gives £1,500 tax break for pension planning

People planning their retirement will be able to take out up to £1,500 tax free from their pension pots, in three stages, to pay for financial advice and any withdrawal will not affect the current employer-provided pension advice

Insight / Investment plans: buying gold is a safe bet

Gold investment may not return a sizeable profit with prices sitting at multi-year lows at the moment, but the precious metal offers a safe investment away from exceptional events. After selling off his buy-to-let portfolio Omkar Joshi, accountant and property investor, is turning his sights to gold

Insight / Savers cash in £9.2bn from pension pots

Latest Treasury data shows savers have cashed in a total of £9.2bn from their pension pots since pension freedoms were introduced in April 2015, but the rate of withdrawal is slowing

Insight / Micro businesses: preparing for auto enrolment pensions

By 2018 all employers will have to provide a workplace pension for their employees, otherwise known as automatic enrolment, including the latest tranche of stages in many of the UK's smallest business. Croner-i experts explain which workers are exempt from auto enrolment and the key dates for employers to consider

Tax / Grandparents missing out on childcare NI credit

Working-age people who give up their job to provide childcare for their grandchildren risk damaging their state pension entitlement because of failure to take up a little known benefit, designed to protect their National Insurance (NI) credits, according to analysis by insurer Royal London

Insight / Pension fraud triples in a year

The number of pension scams has increased threefold over the past year and nearly one in three pension schemes has been affected by fraud, according to research by RSM which suggests problems have escalated since the introduction of new pension freedoms

Accounting / Harrison: accounting for defined benefit pension schemes sub-standard

Many UK listed companies face spiralling defined benefit pension deficits but what is truly disconcerting is the real difficulty in assessing the extent of these pension black holes using publicly available information. Matthew Harrison, managing director of Lincoln Pensions calls for a fresh approach to pensions reporting and disclosures
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