A former pension scheme trustee has been given a 10-month jail term, suspended for 12 months, after admitting using scheme funds to make five prohibited loans to entities connected to the scheme’s sponsoring employer.
A surge in the registration of new and existing trusts with HMRC is expected ahead of the deadline of 1 September.
A convicted criminal accountant who defrauded a pension scheme of £292,000 has been ordered to repay the money.
Bury-based pension trustee and scheme administrator Whitehall has called on pension planners to consider using SSASs rather than Sipps for company directors, business owners and their families, saying the benefits of SSAS are being overlooked.
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