Latest articles from Amy Austin

Covid-19 sees schools pull out of Teachers’ Pension Scheme

News On the Go

On the go: Covid-19 has prompted a number of private schools opt out of the Teachers’ Pension Scheme as they look to avoid a significant hike in contributions.

Fraction of pension scams investigated by police

News On the Go

On the go: Just 7 per cent of reported pension scams were passed on for police investigation last year, Quilter has found, as it pressed for changes to legislation to prevent scams.

Women state pension claims dismissed in appeals court

News On the Go

On the go: The Court of Appeal has backed a previous High Court judgment and rejected claims that the increase in the state pension age affecting women born in the 1950s was discriminatory.

Half of pension transfers trigger scam warnings

News On the Go

On the go: More than half of pension transfers carried out post-lockdown have flagged scam warnings, research from XPS Pensions has shown.

Timms: Change in law needed to combat scams

News On the Go

On the go: Work and Pensions Committee chair Stephen Timms has warned changes in the law will be needed in order to tackle the growing issue of pension scams.

Calls for govt to change transfer rights to halt scams

Pension regulators should be given the power to override people’s statutory right to transfer should a suspected scam be reported to them, according to a think tank.

Mere 4% of advisers appointed by DB schemes

News On the Go

On the go: Trustees of defined benefit schemes have been encouraged to work with a wider range of financial advisers as it emerged only 4 per cent have been appointed by a scheme.

Trustees on the hook for advice under new FCA guidance

News On the Go

On the go: Trustees have been warned that providing personalised illustrations to demonstrate the outcomes of a defined benefit pension transfer will be viewed as regulated advice under new guidance from the Financial Conduct Authority.

Pensions freedom age to increase from 55 to 57

News On the Go

On the go: The government has confirmed it will increase the age at which people can access their pension from 55 to 57 in 2028.

DB transfer values rocket to £500k

News On the Go

On the go: The number of defined benefit transfer requests has dropped in the past quarter, but the average value still rocketed to above £500,000.