Costly DB scheme regulations can result in abuses of equitable relations among stakeholders, say Iain Clacher and Con Keating.
Break in contributions not ruled out
Court hearing 13 November
100 DB schemes quizzed
'We have better oversight'
Contacted 500 DC schemes
The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice to reflect regulatory and legislative changes that have affected the industry over the last year.
Focusplay Retirement Benefit Scheme
Will extend to wider models
Fines of up to £1m
81% of private sector workers saving
Around £18m not collected
Average £91,000 lost to scams
Needs to apply for authorisation
370 people may have transferred
Replaces Lesley Titcomb
Bought retailer in March 2016
'Leave me alone or I will retaliate'
Need to apply by March next year
Rolled out to 25 schemes next month
Stepping up 'proactive involvement'
'Surprising' only 40% of firms are raising awareness