In the last year £81.5m was paid out to more than 2,000 members across 58 pension schemes who were defrauded by scammers. The figures were released by The Pensions Regulator (TPR), the...
The FCA has raised concerns about incentives paid to consumers to transfer or consolidate pensions, as part of its multi-firm review of the pension transfer process. This review primarily looked at speed...
The Pension Schemes Bill will herald a new era for at retirement solutions for workplace schemes. Trustees will be required to offer default ‘pension benefit solutions’ to members possibly as soon as...
Rachel Reeves’ growth-at-all-costs juggernaut rumbles on and now it’s the turn of the Pensions Regulator to jump – or rather, be forced – onto the bandwagon. In a speech called “Pension regulation...
With the right approach from trustees, Collective Defined Contribution has the potential to address long standing challenges around adequacy and sustainability in retirement provision, significantly improving member outcomes. CDC is an exciting prospect,...
Across the UK pensions landscape, there’s a growing sense of unease. Trustees and advisers are being asked to make investments that benefit not just their members but the UK economy more broadly....
Seven out of 10 people accessing their retirement savings are under the age of 65 — raising questions about whether they are accessing these funds too early. This latest data from the Department...
The Bank of England has voted to cut interest rates by 0.25 percentage points to 4 per cent — a move widely anticipated by the market. The BoE monetary committee voted 5...
The Government has closed its consultation on changes designed to reduce the gender pension gap on the Local Government Pension Scheme (LGPS) in England and Wales. These “access and fairness” changes have...
The Pensions Administration Standards Association (Pasa) has produced new guidance for trustees on improving data security and governance. This latest guidance is designed to offer practical advice and covers a range of...
