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Fraudsters targeting retirement pots through liberation or bogus transfers will take advantage of pensions freedom to target an even greater number of savers, Phoenix has warned.
More than 160 employers were issued fixed penalties of £400 last year after The Pensions Regulator (TPR) ramped up the use of its powers for auto-enrolment failures.
The baby boom generation looks set to sleep walk into retirement as 40% have yet to begin saving into a pension, research shows.
Pension scheme members are three times more likely to be approached about accessing their pots since the Budget freedoms were announced, according to research.
Complaints about pensions dealt with by the Financial Ombudsman Service (FOS) have fallen markedly year on year, figures show, with the impending changes to legislation cited as a possible explanation for the drop.
Pension scandals and clever ruses. Here is our weekly heads-up on the stories that may have caught your clients' attention over the weekend...
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