All fraud articles – Page 9
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NewsGovt to ban cold calls before 2020, but questions remain
The government is aiming to introduce a cold-calling ban before 2020 and has opposed the idea of compulsory guidance, as the Work and Pensions Committee continues to probe officials as part of its wide-ranging inquiry into pensions freedoms.
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Select committee probes pension freedoms as concerns grow
The Work and Pensions Committee is launching a new inquiry into the pension freedom reforms, asking whether changes are required to better achieve the policy’s objectives.
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TPR campaign outlines governance basics
The Pensions Regulator has launched a new campaign directed at trustees and their advisers, as part of a wider push to raise governance standards, but experts say its success relies on collaboration and engagement from all stakeholders.
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Scams continue to be a threat to members' savings
One in 12 transfers may have been subject to fraudulent activity, a new report has found. The figure has fallen from last year’s corresponding study, which found potential scams in as many as one in nine cases.
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Government reaffirms commitment to cold-calling ban
The government has announced that it will introduce its long-promised ban on pensions cold calling “when parliamentary time allows”, putting to bed concerns that a second consultation would further delay the legislation.
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Experts fear further delays to cold-calling ban
As the industry awaits the government response to its consultation on a pensions cold-calling plan, there are increased concerns over further delays to protecting the public from scammers.
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OpinionHave we finally got a handle on scams?
Phoenix Life’s Danny Dowd says government must lay the statutory framework to allow pensions providers to take a tougher stand on scammers, including an expanded cold-contact ban and revisiting of transfer rights.
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OpinionWe need action on cold-calling now
From the blog: We live in an age in which the internet finds something to promote or celebrate every day, week or month, from cupcakes to allotments. Believe it or not, there is even a world egg day.
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NewsQueen's Speech omits pensions as focus is firmly on Brexit
After the intensity and frequency of debate and consultation on pension issues, the industry is left in limbo by the government’s legislative programme.
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OpinionFCA regulation of pensions: What does the year ahead have in store?
The Financial Conduct Authority’s Christopher Woolard outlines the two key areas within pensions the watchdog will focus on over the coming year.
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OpinionTransfers reform would provide vital clarity
The Pensions Management Institute’s Tim Middleton says the ongoing consultation on scams is welcome and provides vital clarification for trustees dealing with suspicious transfers.
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Calls for greater trustee powers as advisers fail to consider scam risks
Government and regulators have been urged to strengthen the powers of trustee boards in opposing suspicious transfer requests, as an alert from the Financial Conduct Authority warned that some advisers are not carrying out proper due diligence on receiving scheme investments.
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From BHS to Uber: The events that shaped pensions in 2016
Year in review: Having almost grown used to new regulations and system overhauls, 2016 managed to top (almost) everything, keeping the pensions industry on its toes. We have picked out some of the articles that accompanied this year’s turning points for pensions.
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Defaults and dashboards: Top DC and AE stories from 2016
Year in review: The battle to make defined contribution a safer place for members proved to be an uphill struggle in 2016, as schemes, regulators and even the police were trying to keep up with developments in the market.
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OpinionWhat we can expect from the pension scams consultation
The government’s consultation on pensions fraud is a positive step but more could be done, says Royal London’s Fiona Tait.
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Cold-calling ban could strengthen scheme powers to block transfers
The government has launched its consultation on pension scams, proposing bans on pension-related cold calls, limits on the statutory right to transfer and tighter regulations for setting up potentially fraudulent schemes.
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OpinionAutumn Statement: Last but not least
Editorial: Chancellor Philip Hammond has tried his best to deliver an Autumn Statement the pensions industry would for once be pleased with.
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NewsChancellor proposes ban on cold calling, refrains from pensions tax overhaul
In his first and last Autumn Statement, Chancellor Philip Hammond swapped the timing of the Budget and the Statement but had comparatively little to say about pensions for now; one of the larger measures – a consultation into pensions fraud – was welcomed by the industry.
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FeaturesBritish Coal's green turn on payslips to net £400,000 a year
The British Coal Staff Superannuation Scheme has opted to stop sending monthly paper payslips to its members from August 2017, saving the fund almost £400,000 a year.
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Schemes are unprepared for data hacking threat
PLSA Annual Conference 2016: Schemes must look past the immediate threat of pension liberation scams and stress test their systems against other types of fraud, including cyber crime, according to a panel of experts.