Pensions
Pension scam red flags hit record level - XPS
But steady transfer values
Untouched DC pension wealth 'doubles' raising concerns about lost pots
Defined contribution (DC) pension wealth in the UK has more than doubled since the start of auto-enrolment in 2012, raising concerns about lost pensions.
Adrian Boulding: SSAS market ripe for service upgrade
'This sleepy corner on the occupational pension world is ripe for a service upgrade'
FSCS begins accepting claims against Guinness Mahon; already received 961 complaints
Entered administration in February
XPS launches pension scam tracker as cases 'spike' during lockdown
Part of its Transfer Watch tracker
Adviser to compensate client over SIPP transfer advice to unregulated schemes
The Financial Ombudsman Service (FOS) has asked adviser firm The On-Line Partnership to compensate a client following unsuitable advice to transfer his pension to a self-invested personal pension (SIPP) and invest in unregulated schemes.
DB transfer values jump to record high in July - XPS
Despite risks
Stronger provider 'nudges' boost Pension Wise up-take but 'more work needed'
Aviva, Hargreaves and LGIM took part
Carey Pensions ruling could 'call past FOS decisions into question'
Contrasting outcomes
One in five do not access pension information - ABI
Pensions 'blind spot'
Most workers are unaware of pension pot size
More than half (54%) of workers do not know the size of their pension pots, according to research by the Pensions and Lifetime Savings Association (PLSA).
FSCS declares NJ Associates in default following 31 complaints
AR failed last year
Another advice firm with SIPP complaints falls into FSCS
14 claims against it
OMW adds feature to settle annual allowance breaches
For any pension scheme
'DB transfer advisers made to look like drug dealers' - Tideway
PFS conference 2019
Redress to be paid after advice to invest in unregulated Brazilian property scheme
Properties do not exist
Advisers say SIPPs should not hold non-standard assets - research
13% say SIPP market is damaged
Berkeley Burke hits back: Administration was 'thrust upon the company'
'No viable alternative'
7IM launches SIPP drawdown service
When managing client's payments
Curtis Banks adds Pru investment plan to Your Future SIPP
'Total control'
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