The Government has confirmed it will legislate to introduce collective defined contribution (CDC) pension schemes. Minister for pensions and financial inclusion Guy Opperman says he will set out detailed proposals within the...
Pension experts have given a cautious welcome to new government plans to make it a criminal offence to “recklessly” underfund a workplace pension. The work and pensions secretary Amber Rudd says that...
The Financial Conduct Authority has called for pension providers to offer default investment pathways for those accessing drawdown services without advice. It is inviting the industry to consult on these recommendations, which...
A number of individuals have lost more than £1m in pension savings, as a result of fraud, according to the latest figures published by The Pensions Regulator. This data was provided by...
An independent review of the recent restructuring of the British Steel Pension Scheme (BSPS) has called for widespread legislative changes, and improved guidance to trustees to protect DB scheme members. The review...
The government has offered Nest a £329m "contingent liability guarantee" in order to ensure it is fully compliant under the new master trust authorisation process. Rather than a direct payment this comes...
Since 2015 the Insolvency Service has successfully applied to the courts for 24 companies to be wound up due to ‘pension misuse’. This government agency said more than £202m was invested via these...
Actuarial and technology consultants, Buck have launched a new service for pension schemes looking to equalise Guaranteed Minimum Pension (GMP) benefits. Following a high court ruling at the end of last year, all...
The long-awaited ban on pensions cold calling finally comes into effect tomorrow (January 9th) in a bid to thwart scammers. From this date, it will be illegal for firms to make unsolicited...
The Pensions Regulator has launched an investigations into a suspected £18m pension fraud. TPR says it understands around 370 people have been persuaded to transfers funds - worth £18m - into eight...
