Pension schemes are being urged to ensure their fund managers have put in protective claims with HMRC for the recovery of VAT potentially "erroneously" overcharged over the last four years.
It is a legal requirement for trustees to have the right level of technical knowledge to do their job efficiently. Andrew Short discusses how trustees can meet and surpass this requirement.
UK - More than one in ten large UK schemes has suffered fraud over the past two years, with member transactions the most vulnerable area for fraudulent activities, research suggests.
More than one in ten large UK schemes has suffered fraud over the past two years, with member transactions the most vulnerable area for fraudulent activities, research suggests.
Mercer has expanded its covenant consulting team with the hire of Andrew Horner from Baker Tilly and Tim Birkett from business outsourcer Vertex.
Trustees see scheme deficit recovery plans as their biggest challenge, ahead of investment strategy and longevity risk, a Baker Tilly survey finds.
Concern that The Pension Regulator is ‘directing' rather than ‘guiding' through its guidance is increasing within the industry, participants say.
A more proactive approach towards protecting member benefits is needed, despite economic uncertainty stunting decision making, Zolfo Cooper says.
The industry has unanimously backed George Osborne's emergency Budget promise to investigate alternatives to the introduction of pension tax relief restrictions for high earners.
Nearly two-thirds of pension managers believe an increasing regulatory focus on scheme administration will improve service levels for members.