DMGT warns members on lifetime allowance

clock

The Daily Mail and General Trust pension fund has launched a programme to encourage members affected by the reduced tax-free lifetime allowance to apply for fixed protection.

The scheme has e-mailed all 196 members who could potentially exceed the allowance - which will be cut back form £1.8m to £1.5m from April - to prompt them to take action. The members were given...

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

More on Defined Benefit

Partner Insight: Protecting trustees after wind-up

Partner Insight: Protecting trustees after wind-up

Susannah Calder, Partner, Aon
clock 11 December 2024 • 5 min read
One-third of UK schemes still to decide endgame targets despite improved funding

One-third of UK schemes still to decide endgame targets despite improved funding

Pension funds also increasingly willing to consider run-on or run-off

Jonathan Stapleton
clock 11 December 2024 • 6 min read
Partner Insight: Run-on – Buying time to buyout

Partner Insight: Run-on – Buying time to buyout

Leah Evans, Partner, Aon
clock 09 December 2024 • 4 min read
Trustpilot