UK - Hewitt Bacon & Woodrow, part of the global HR outsourcing and consulting firm Hewitt Associates (NYSE: HEW), has warned employers and trustees should thoroughly review their pension scheme rules before the new Finance Act is introduced or face paying higher benefits.
Pension schemes currently restrict benefits or contributions by reference to the earnings cap, enabling benefits to be upped to the Inland Revenue maximum. Under the new Finance Act, to be intro...
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