Retirement

Former tax boss Andrew Meeson and his business associates pocketed £5m in a "very simple and very lucrative scam" by claiming tax relief on fictitious pension contributions, a court heard.

The Pensions Regulator (TPR) has urged employers and their advisers to move away from using small pension schemes in its proposed new regulatory approach to trust-based defined contribution (DC).

The Pensions Regulator (TPR) has launched a consultation on its proposed new regulatory approach to workplace defined contribution (DC) schemes ahead of full-scale auto-enrolment.

TAX TRAPS

Labour backbencher David Miliband has called for the government to cut pensions tax relief to £26,000 to match the national average wage.

Expected pension incomes have fallen to the lowest level in six years, according to Prudential.

A number of self-invested personal pension (SIPP) providers have stopped taking investments into Caribbean property fund Harlequin Properties according to its biggest UK distributor, after concerns about it were raised by a law firm.

In this week's quick fire poll we ask: Should government cut tax relief on pension contributions to 20% for people earning more than £150,000 to fund unemployment schemes?

Retirement Planner's round-up of the top pension stories this week.

Retirement Planner readers can get a 10% discount on the forthcoming Henry Stewart Retirement conference.