Budget 2015

Workplace pensions, childcare and cycle to work schemes have been left out of plans to reform salary sacrifice, according to a recently published HMRC consultation.

Maintaining public sector pensions will cost £3bn more each year with employer contributions expected to rise according to KPMG.

Just 13% of employers have reviewed their pension offerings since the April freedoms as most companies are still struggling to understand the implications, according to research.

Statistics from HM Revenue and Customs (HMRC) have revealed 188,000 people have accessed around £3.5bn since freedom and choice came into effect last April but figures tailed off at the end of 2015.

Hymans Robertson has appointed David Walker as head of Local Government Pension Scheme (LGPS) investments and William Marshall as head of LGPS investment clients.

Companies with defined benefit (DB) schemes are considering closing them due to changes in tax allowances made in the 2015 Budget according to research from PwC.

The last 12 months could set the scene for more upheaval

As the government consultation into pensions tax relief closes Helen Morrissey looks at whether moving to a flat rate of tax relief would work.

PP is holding a live webinar on 29 July

HMRC has announced transitional arrangements to align pension input periods with tax years