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HM Revenue & Customs says it is taking steps to tackle the increasingly sophisticated models being used by so-called pension liberation companies.
Rowanmoor, a SSAS provider and a bespoke Sipp and Family Pension Trust (Family Sipp) operator, is calling on small businesses to check their payroll details and staging date sooner rather than later after a recent case of concern.
The OFT has agreed with business and The Pensions Regulator (TPR) on reforms to the £275bn defined contribution (DC) workplace pension market after it found some savers fail to receive "value for money."
The Pensions Regulator has appointed Stephen Soper as interim chief executive.
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