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.
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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.
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.
On the go: More than half of pension transfers carried out post-lockdown have flagged scam warnings, research from XPS Pensions has shown.
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.
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.
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.
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.
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.
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.
On the go: One in 20 employees are being short-changed by their employer and are not receiving the pension they are due, research has found.
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