Latest articles from Sonia Rach

HMRC discretion on scam victims’ tax bills not justifiable, says minister

Bloomberg

John Glen, economic secretary to the Treasury, has argued there is “no justifiable basis” for HM Revenue & Customs to use its discretion when assessing the tax treatment of pension liberation victims.

Govt rejects call for automatic Pension Wise appointments

Pixabay

The government has ruled out automatically enrolling pension savers into guidance appointments with Pension Wise before they can access their retirement pot.

MPs question govt comms on state pension underpayments

News on the go

On the go: MPs have written to the Department for Work and Pensions questioning the government’s communication strategy on state pension underpayments.

FCA relaunches pension transfer advice checker tool

News on the go

On the go: The Financial Conduct Authority has relaunched its pension transfer advice checker tool, which has been designed so that consumers can see whether they have received unsuitable advice.

Scam warnings on DB transfers near record high

News on the go

On the go: The number of scam warnings on defined benefit transfers is near a record high, despite a downward trend in transfer activity, XPS Pensions Group has said.

Uber faces legal action over Sharia compliant pension arrangements

News on the go

On the go: The App Drivers & Couriers Union has started legal action against Uber for failing to make Sharia-compliant pension arrangements for its majority Muslim workforce.

DWP makes six further state pension errors since 2007

News on the go

On the go: The Department for Work and Pensions has made a series of state pension errors, prior to the current large-scale correction exercise, according to a Freedom of Information request.

NHS workers make up a third of annual allowance breaches

News on the go

On the go: At least 34 per cent of all people who exceeded the annual pension contribution allowance in 2019-20 were members of the NHS pension scheme.

Schemes and providers team up to push pensions engagement

News on the go

On the go: Around 15 pension providers and schemes representing approximately 41.5mn savers and customers have committed to support a campaign to encourage engagement with pensions.

Platform launches pensions dashboard sandbox

News on the go

On the go: Pensions Dashboards Programme partner Moneyhub has launched an interactive sandbox to show how the pensions dashboards could potentially work.