Latest articles from Amy Austin

Savers lose £78m to ‘clone firm’ investment scams in 2020

News On the Go

On the go: Fraudsters pretending to be legitimate companies stole £78m from unsuspecting victims through pension and investment scams in 2020, according to Action Fraud.

Call for ‘living pension’ to boost contribution levels

News On the Go

On the go: A living pension standard is needed to encourage employers to raise contribution rates and help workers enjoy a decent standard of living in retirement, a think-tank has suggested.

TPR under pressure to ‘show teeth’ after corporate failures

News On the Go

On the go: The Pensions Regulator will come under pressure from the industry to “show its teeth” when dealing with the recent Arcadia failure and ensuring the best outcome for members, Royal London has warned.

Altmann lambasts ‘shocking’ FCA DB transfer findings

News On the Go

On the go: Former pensions minister Ros Altmann has criticised the Financial Conduct Authority for being slow to ban contingent charging on defined benefit transfer advice, and allowing advice companies to operate without relevant insurance.

FCA releases DB transfer advice assessment tool

News On the Go

On the go: The City watchdog has released an assessment tool to help financial advisers understand whether the defined benefit pension transfer advice they have given was suitable.

Pension contributions plunge 11% as Covid crisis hits

News On the Go

On the go: Savers paid 11 per cent less into their defined contribution pension schemes as the coronavirus pandemic hit the UK, Office for National Statistics data shows.

Govt moves to include pensions in dormant assets scheme

News On the Go

On the go: Pensions will be included in the government’s extension of the dormant assets scheme, despite previous concerns that life savings should be excluded due to “significant changes” in recent years.

Rodda replaces Dromey as shadow pensions minister in reshuffle

News On the Go

On the go: Matt Rodda, Labour MP for Reading East, has been appointed shadow pensions minister as part of a frontbench reshuffle.

L&G launches service to track lost pension pots

News On the Go

On the go: Legal & General has introduced a service to help people track down lost or forgotten pension pots, as well as consolidate them. 

Unsuspecting schemes to pay DB transfer top-ups

News On the Go

On the go: Schemes that thought they might be unaffected by a recent court ruling could still owe savers more than £500 each in top-up payments on their defined benefit transfers, analysis has found.