Latest articles from Amy Austin

Bailey to be grilled by MPs over British Steel saga

Getty Images

Bank of England governor Andrew Bailey is set to appear before a group of MPs to answer questions about his role in the British Steel Pension Scheme scandal when he was at the financial regulator.

Prudential empties client’s pension pot in error

News on the go

On the go: Prudential has come under fire after it accidentally paid out the entirety of a client’s pension pot after only the lump sum amount was requested.

DWP called to intervene in divorced women underpaid pensions

News on the go

On the go: A bill calling on the government to include divorced women in its efforts to repay those who have been underpaid the state pension has been introduced in parliament.

Public sector savers need to sort LTA protections before April

News on the go

On the go: Members of public sector schemes are being advised to take action before April to keep their protection against lifetime allowance charges, as part of the McCloud remedy.

Govt could tweak transfer amber flag rules for overseas investments

News on the go

On the go: The Department for Work and Pensions may amend defined benefit transfer scam rules so that low-risk overseas investments are no longer flagged.

Govt keeps AE earnings trigger despite calls to scrap it

News on the go

On the go: The government has opted to keep the earnings trigger for auto-enrolment at £10,000 for 2022-23, despite some in the industry calling for it to be scrapped to bring in more low earners.

FOS has 98% uphold rate for BSPS transfer cases

News on the go

On the go: The Financial Ombudsman Service has revealed it has a 98 per cent uphold rate for British Steel Pension Scheme complaints against companies that gave transfer advice.

Defined benefit transfers fall to lowest level in four years

News on the go

On the go: The number of defined benefit transfers has fallen to its lowest level since 2018, according to data from XPS Pensions Group.

MPs warn of further state pension errors in scathing report

Bloomberg

The Public Accounts Committee is calling for the government’s state pension payment system to be overhauled and underpayments to be treated more seriously, while warning that other errors could still be unidentified.

ABI warns dashboards must be interactive to draw in young savers

News on the go

On the go: Pensions dashboards should be interactive and show how changing contributions can boost income to appeal to younger savers, the Association of British Insurers has said.