Hope William-Smith
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Ombudsman warns Work and Pensions Committee over Covid-19 scams 'inundation'
£5m lost to fraud between February and June
Government suffers defeats in House of Lords over Pension Schemes Bill
Amendments to the Pension Schemes Bill passed by peers in the House of Lords last night will see a wide-ranging suite of reforms for the pensions industry draw another step closer.
Transfer figures soar as £10bn leaves DB schemes in three months
'Intense scrutiny'
TPR set to tighten regulatory grip as it unveils latest corporate plan
Support for DB schemes
FCA launches workplace pensions value for money consultation
Joint strategy with TPR
Maps lays down response to Covid-19 pensions impact in 10-year strategy
The Money and Pensions Service (Maps) has a “critical role to play” in the UK’s economic recovery from coronavirus, it says in a ten-year corporate plan released today.
LV= considering selling remaining pensions and insurance business
LV= is exploring the sale of its remaining life and pensions operations, Sky News has reported.
FCA called to do more to protect DB and DC members from scams
The Pension Scams Industry Group (PSIG) has called on the Financial Conduct Authority (FCA) to consider further interventions to protect pension scheme members from scams.
Fraud losses from coronavirus scams hit £5m mark
11,000 scams
Firefighters launch fresh legal battle against government pension benefits
The Fire Brigades Union (FBU) has filed court proceedings over the government’s withholding of improved pension benefits for its employers, citing it a ‘dirty trick’.
Coronavirus-driven capacity crunch to leave DB members flailing
Advisers leaving market
Alternatives and ESG floundering in DC investment
Aon research
Five to ten years 'reasonable' for pension coronavirus recovery
DC schemes feeling the pinch
Parliamentary group launches to step up action on pension scams
The new All-Party Parliamentary Group (APPG) on Pension Scams has had its inaugural meeting in parliament to outline its priorities for boosting public awareness around scam risks.
'Draconian penalties' promised for schemes with poor dashboard data
Pensions and financial inclusion minister Guy Opperman has warned schemes who do not have their data organised to the standard required for the pensions dashboard will face “draconian penalties.”
Maps names industry leaders for financial wellbeing initiative
The Money and Pensions Service (Maps) has named 12 sector leaders as challenge group chairs to spearhead its newly launched strategy for financial wellbeing.
Tax hikes vital to meet govt spending promises, says IFS
Taxes will have to increase after the March Budget if the government plans to honour the spending plans in outlined last year, the Institute for Fiscal Studies (IFS) has warned.