A weekly round-up of the pensions news stories published across the FT Group in the past week, from US annuity providers getting blamed for market volatility, to Brazil’s pension reforms being delayed because of military intervention.
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A weekly round-up of the pensions news stories published across the FT Group in the past week, from US annuity providers getting blamed for market volatility, to Brazil’s pension reforms being delayed because of military intervention.
The chair of the Work and Pensions Committee, Frank Field, wants to see the government bring forward measures to ensure information provided by the Government Actuary's Department to individuals is within the remit of an ombudsman.
The Competition and Markets Authority could publish the first of its findings on the UK fiduciary management market as early as this month, according to a provisional timetable released on Wednesday.
The Pensions Regulator and police have begun an investigation into several schemes suspected of links to cold-calling activities; the police have interviewed two people under caution and arrested a third before releasing him.
Work and Pensions Committee chair Frank Field has written to Sir Philip Green asking him to commit to seeking voluntary clearance from the Pensions Regulator before selling Arcadia Group. Field said he will also write to the Pensions Regulator.
Letters from trustees of the main Carillion pension schemes to the Pensions Regulator suggest that directors of Carillion were “contemptuous” of their pension obligations, according to chair of the Work and Pensions Committee, Frank Field.
Close to a third of adults missed the most obvious pension scams in a survey testing people's understanding of fraudsters' tricks, and 79 per cent said stricter rules and checks are needed to protect savers.
Shareholders of the failed outsourcer Carillion had concerns about the business’ strength as early as 2015, according to a select committee inquiry into its collapse, raising questions about the transparency of the group’s financial reporting.
A round-up of the pensions news stories published across the FT Group in the past week, from a US insurer hiring investigators to track down thousands of pensioners, to investors starting to see workplace sexual harassment as posing an investment risk.
The dispute resolution function of the Pensions Advisory Service is to move to the Pensions Ombudsman, in a bid to simplify the process for savers who are dissatisfied with their scheme's service.
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