Latest articles from Amy Austin

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.

Court of Appeal gives green light to Pru annuity sale

News On the Go

On the go: The Court of Appeal has overturned a High Court ruling that blocked the transfer of £12bn of annuities from Prudential, now M&G, to Rothesay Life.

Advisers could help trustees with GMP past transfers

News On the Go

On the go: Advisers have been urged to proactively check whether their clients could be entitled to a top-up payment on their defined benefit transfer, which could help trustees in tracking down members affected by the latest guaranteed minimum pensions ruling.

Surge in AE non-compliance during pandemic

News On the Go

On the go: The number of warnings issued to employers for failing to pay pension contributions for staff has increased by almost 200 per cent between July and September, the Pensions Regulator has said.