Half of pension transfers flagged as potential scam
Over 50 per cent of pension transfers carried out since the Covid crisis have triggered a scam warning. This data was compiled for the Work and Pension Select Committe by XPS Pensions...
Over 50 per cent of pension transfers carried out since the Covid crisis have triggered a scam warning. This data was compiled for the Work and Pension Select Committe by XPS Pensions...
Almost half of those currently on DB transfers say they are unsure whether they will still be active in this market in a year’s time, according to new research. More stringent regulation...
The government should legislate to give pension companies and regulators greater powers to help prevent fraud and protect savers. This should include the ability to stop transfers they believe are fraudulent, even...
Pension consultants have warned trustees and scheme sponsors about “highly contentious” small print buried in the new FCA guidance on pension transfers. This suggests that if schemes give personalised illustrations, showing the...
Trustee boards have adapted well during the Covid crisis and have embraced new ways of working and meeting according to Aon. However the professional services firm says there has been an increased...
The Covid crisis has not had a significant impact on the risk transfer market, which has remained buoyant during the first half of this year, with significant transactions being completed, according to...
Three quarters of DC and DB pension schemes believe they will be ready to join the pensions dashboards initiative provided they have two years to prepare, a Pensions and Lifetime Savings Association...
Larger occupational pension schemes and master trusts could be compelled to improve reporting over climate change risks, under proposals published by the Department of Work and Pensions today. In its consultation paper...
Complying with new dashboard regulations could cost pension schemes and providers millions, according to new research. Pension consultants LCP say that despite government assurance to the contrary, there may be significant costs...
Regulators have teamed up with football commentators to further raise awareness of pension scams and encourage savers to show fraudsters ‘the red card’. The new campaign comes as TPR and the FCA...