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Strathclyde to pay damages after pension advice shortfall

Strathclyde Pension Fund has been ordered to pay compensation to a scheme member after failing to provide a correct pension projection.

clock 28 February 2011 •

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Hutton report publication date confirmed

The Treasury has confirmed Lord Hutton will publish his final report on public sector pension reform on Thursday 10 March.

clock 28 February 2011 •

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Early pension access could lead to 55% death tax

Allowing early access to pension funds in some cases could place pensioners' beneficiaries at risk of a 55% tax charge, AJ Bell warns.

clock 28 February 2011 •

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Public sector pensions face 'Fair Deal' cut

The Treasury could scrap civil servants' right to keep their pensions when their services are bought out by private sector companies.

clock 28 February 2011 •

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NAPF: Early access renders pensions 'a quick fix'

Allowing access to pension pots before age 55 will worsen the savings crisis and increase bureaucracy, the National Association of Pension Funds (NAPF) says.

clock 28 February 2011 •

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Towergate launches off-the-shelf SME pension scheme

Towergate Financial has launched a ‘workplace pension in a box' product for small businesses in preparation for auto-enrolment.

clock 24 February 2011 •

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IFAs warned of HMRC QROPS clampdown

HMRC is clamping down on qualifying recognised overseas pension scheme (QROPS) abuse through investigations by its Anti-Fraud Unit (AFU).

clock 24 February 2011 •

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MEP demands pension providers pay back fees

Pension providers charging "exorbitant" layered fees must give the money back to pension scheme holders, an MEP says.

clock 24 February 2011 •

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Banks agree to improve will writing services

Barclays, HSBC, Lloyds Banking Group and RBS have agreed to review and improve their will writing services following OFT action.

clock 24 February 2011 •

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Ascentric boosts new assets by 189%

Royal London's wrap platform Ascentric increased new assets under management by 189% to £1,217m in 2010 from £421m the previous year.

clock 24 February 2011 •
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