Latest articles from Amy Austin

Fraudster forced to repay £274k to workplace scheme

On the go: A convicted fraudster has been ordered to pay back £274,000 he had stolen from a workplace pension scheme.

Govt to tighten guidance rules for accessing pensions

On the go: The Department for Work and Pensions plans to require providers of workplace pensions to signpost guidance whenever savers look to access or transfer their pots.

Rolls-Royce warns regulators about spike in transfer numbers

On the go: The Financial Conduct Authority has issued a data request to financial advisers involved in defined benefit transfers from the Rolls-Royce pension scheme, after the company warned regulators about high activity in this area.

Govt pushes back against dashboard scam protections

On the go: The government has moved to reverse an amendment to the pension schemes bill that sought to exclude all financial transactions from the pensions dashboard to protect savers from scams.

Old British Steel scheme agrees £2bn buy-in

On the go: Thousands of steelworkers could receive a boost to their pensions after a £2bn buy-in was agreed, taking the scheme out of the Pension Protection Fund.

Lifetime allowance to rise 0.5 per cent next year

On the go: The pensions lifetime allowance is set to rise to £1,078,900 after inflation was confirmed at 0.5 per cent this morning.

Govt u-turns on fees disclosure in simpler annual statement

The government has abandoned plans to make pension providers include costs and charges in their new simplified annual statements, which could become mandatory for defined contribution schemes in the near future as progress in this area remains slow.

Timms warns transfer rules ‘must be changed’

On the go: Stephen Timms, chair of the Work and Pensions Committee, has warned that transfer rules are not working and must be changed if the industry is to put a stop to pension scams.

Opperman tells savers to engage with pensions to fix climate

On the go: Savers can play an important role in addressing climate change by paying more attention to their pensions and where they are invested, pensions minister Guy Opperman has said.

Aviva pushes for net-zero target in AE default funds

On the go: Aviva is calling on the government to amend the pension schemes bill to make it mandatory for all auto-enrolment default funds to achieve net-zero carbon emissions status by 2050.