Up to 125,000 people who lost their savings when their occupational pension schemes were wound up should have sought indpendent financial advice, lawyers acting for the government will say.
This is one of the arguments submitted in the defence brief by lawyers acting for the government in the judicial review of its decision to reject the Parliamentary Ombudsman’s report and recommendations following the maladministration of occupational pension schemes. The news comes a week ahead of the DWP's publication of the second White Paper on pension reform, the contents of which have been hotly debated for months with one of the main sticking points being the issue of individually tailored advice versus generic advice amid strong indications of the government’s preference for the lat...
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