Government guilty of 125,000 pension losses

clock

The Court of Appeal has found the Government guilty of failing to secure 125,000 occupational pensions.

The court today ruled the Government’s maladministration caused some non-financial losses but it did not contribute significantly to individuals’ losses. A spokesman for the Department for Work and Pensions (DWP) says: "We are pleased that the court found in the Government’s favour on the key point relating to the Ombudsman’s powers. “We applied to the Court for leave to appeal on a protective basis but we will want to consider this complex and lengthy judgment in more detail with our colleagues in Government before deciding whether to pursue an appeal. "We have already announced a si...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read
Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read