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
Bought BHS for £1
Pension pot loss of £82,000
Could be delayed by general election
Court hearing 13 November
23% would discuss pension with cold caller
51 requests in 2019
Court date in September
100 DB schemes quizzed
52 schemes, 38 suspects
'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.
FCA business plan 2019/2020
Focusplay Retirement Benefit Scheme
Fines of up to £1m
Around £18m not collected
Average £91,000 lost to scams
Will be sentenced on 6 February
Accused of submitting false compliance
Come into force early 2019