HMRC umbrella company ‘checking tool’ looms for workers
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READ MORERegulator issues guidance on £170bn pension ‘superfunds’
The Pensions Regulator (TPR) has published new guidance for trustees and employers on transferring to defined benefit (DB) ‘superfunds’, as PwC research suggests up to one million pension scheme members and £170bn of assets could take this route over the next decade.
DB superfunds offer a way for employers to consolidate existing schemes, by replacing the sponsoring employer with a capital-backed vehicle or a special purpose vehicle (SPV). They create a large retirement savings fund which includes different company schemes, meaning participating employers are no longer liable for member benefits.
Read more at the Accountancy Daily.
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Government positive about small business Brexit transition voucher
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