Cross-subsidy fears over 'scheme pays' option

Jonathan Stapleton
clock •

UK - Members could end up cross-subsidising those with high pay rises as a result of the "scheme pays" annual allowance option.

This comes a day after the Treasury announced how tax charges for exceeding the annual allowance should be paid. It said people who incur annual allowance charges above £2,000 would be able to c...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Jonathan Stapleton
Author spotlight

Jonathan Stapleton

View profile
More from Jonathan Stapleton

Aviva completes £1.7bn buy-in with National Grid scheme

Sustainable and impact briefs to make up half of private market portfolios in next two years

More on United Kingdom

United Kingdom

Solar subsidy cuts to hit liability matching strategies

UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.

Michael Bow
clock 09 November 2011 •
United Kingdom

Aegon moves to halt DB scheme future accrual

UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.

Jenna Towler
Jenna Towler
clock 08 November 2011 •
United Kingdom

PPF reveals £678m surplus

UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.

Jonathan Stapleton
Jonathan Stapleton
clock 07 November 2011 •
Trustpilot