Link: Pensions and FRS 17
Following growing concerns that the lump sum pension is about to be scrapped in upcoming reforms, National Association of Pension Funds chairman Peter Thompson has written to the Treasury Financial Secretary Ruth Kelly hoping to confirm that this will not be the case.
The government is soon to publish a green paper that will outline future pension policy in the UK.
It has been suggested that the possible scrapping of the tax-free lump sum pension, which offers recipients an amount equivalent to one and a half times their final salary on payment, could discourage people from paying into a pension fund.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements