The Pensions Regulator will prosecute the director of a professional trustee firm for failing to provide adequate information regarding 16 different pension schemes. Michael Woolley is both a director and shareholder in Southbank...
Aviva Master Trust and The Workers Pension Trust have both received authorisation from The Pensions Regulator. This announcement brings the total number of authorised trusts up to 20. It is understood that the...
The Pensions Regulator has confirmed that The People’s Pension, Atlas Master Trust and The Cheviot Pension have now been authorised. The People's Pension is one of the largest master trusts in the...
Nest is the latest pension provider to join the Star initiative, an industry-wide group aimed at driving up standards in the pension industry, and reducing transfer times. This ABI-hosted pensions working group...
The Government has confirmed it will review all public sector pension schemes after a Supreme Court ruling that changes made to the firefighter’s pension in 2015 were discriminatory to younger workers. Government...
Mercer is the latest master trust to receive authorisation from The Pensions Regulator. This brings the total number of authorised master trusts to 11, with up to 30 applications still pending. Other authorised...
Pension freedoms could lead to another major financial scandal, thanks to a dearth of advice on retirement options, coupled with a lack of innovation from the pensions industry. This was the conclusion...
The Government has launched a new ‘breathing space’ initiative, designed to help those struggling with problem debts and mental health issues. This initiative will see individuals given a 60-day breathing space, where...
The Financial Conduct Authority has announced it will take further action after finding a “concerning” number of advisers recommending transfers out of defined benefit pension schemes. In some cases it said firms...
The Chartered Insurance Institute is calling for insurers to tackle gender bias within their artificial intelligence (AI) algorithms. Many insurers now use this AI technology within their claims, underwriting and marketing processes. However...
