HMRC fines firm record £7.8m for money laundering failings

HMRC has fined a London firm a record £7.8m as part of a crackdown on money laundering.

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Pension cash 'floods' savings market, study reveals

Flexible pensions cash may be a major contributor to the rise in savings deposits – rather than a rise in consumers saving more, new research has suggested.

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Fears over pension rule that could hit retirement plans

Aegon has issued a warning over what it called the ‘little known’ money purchase annual allowance (MPAA), which stops people who have accessed their pension flexibly from contributing more than £4,000 into their money purchase or defined contribution pension without a tax penalty.

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HMRC ‘clueless’ over pension tax relief fines

A new FOI response obtained by Royal London has revealed that HMRC do not know how many people they are fining each year over breaching rules relating to pension tax relief.

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