Latest articles from Amy Austin

Accreditation scheme launched to tackle lagging switching times

News on the go

On the go: A new accreditation scheme has been launched to tackle the amount of time it takes to switch savings, investments and pensions between providers.

State pension age review to be published next year

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On the go: The state pension age review will be published in early 2023, the chancellor has said.

FCA failed to protect British Steel scheme members, MPs say

Scott Heppell/Reuters

The Financial Conduct Authority had “inadequate oversight” of companies involved in the British Steel Pension Scheme transfer scandal and was “consistently behind the curve” when responding to issues, MPs have claimed.

Pair of ‘advisers’ jailed over £20mn pension fraud

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On the go: Two “advisers” who convinced hundreds of pension holders to transfer their pots into self-invested personal pensions, and then unknowingly put them into risky investments as part of a £20mn fraud, have been jailed.

Call for British Steel compensation to go through PPF

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On the go: Adviser trade body the Personal Investment Management & Financial Advice Association has called for those who were wrongly advised to transfer out of the British Steel Pension Scheme to be transferred into the Pension Protection Fund, so they can once again have a guaranteed income.

Bailey to be grilled by MPs over British Steel saga

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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

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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

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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.