Comment and Blogs
The new tax year will bring in sweeping changes to the pension world. Due to the rushed nature of the upheaval surrounding the abolition of the lifetime allowance, we still have some areas of uncertainty as the deadline rapidly draws near.
One of the many facets of a pension trustee's role is to use their discretion to decide who should benefit from a deceased member’s pension fund.
The Ofsted grading system has come under scrutiny recently, but despite a report from the cross-party education select committee calling for an end to the simplified grades, the government have confirmed they are here to stay.
As a much-changed Parliament gets up and running, we pension techies eagerly await the long overdue regulations to correct the drafting errors in this year’s Finance Act.
The recent news that Labour has ditched plans to re-instate the lifetime allowance is certainly welcome.
Following the changes introduced in the 2023 Budget, there has been some focus on how the death benefit rules might change.