The Government Actuary’s Department has proposed new measures to allow greater flexibility over action taken due to rises or falls in public pension fund costs.
Kent County Council will have to wait a further 10 days before it receives its first payment from the stricken Woodford Equity Income Fund, it has been announced.
The NHS will cover doctors’ pension tax bills to prevent a winter staffing crisis amid warnings from the sector that workforce shortages are putting patient safety at risk.
More than two-thirds of consultant surgeons have cut their NHS working hours to avoid paying excessive levels of tax on their pensions, polling has found.
Campaigners have lost a High Court challenge on Westminster’s decision to raise the state pension age for women from 60 to 65, which could have cost the government £215bn.
Increased flexibilities to NHS pensions will not be enough to stop senior doctors facing high tax bills on their pensions, a medical umbrella group has suggested.
The value of Kent County Council’s pension scheme investment in the troubled Woodford fund has fallen by £36m, figures from the local authority have revealed.
A survey by the British Medical Association trade union has found 42% of GPs have reduced their hours to avoid being excessively taxed on their pensions.
A warning has been sounded over Scotland’s public finances as new figures show tax revenues will be undermined by sluggish wage growth north of the border.
The number of council employees earning more than £100,000 has increased while local authorities budgets are squeezed, according to analysis from the Taxpayers’ Alliance.
Pensioners are £20 a week better off on average than people of working age, after a wave of affluent individuals reached retirement age, the Resolution Foundation has found.
Local authority pension schemes will today submit plans to government to pool their assets into so-called British Wealth Funds, with seven proposals now set to be submitted for approval.
