Latest articles from Sonia Rach

Number of NHS workers claiming pension benefits hits record high

News on the go

On the go: The number of NHS workers claiming their pension benefits reached an all-time high in April 2022, which Quilter has said suggests more people are deciding to retire.

FCA admits Brits were not well-protected against pension freedom risks

News on the go

On the go: The Financial Conduct Authority has admitted that policymakers and regulators should have done more to protect consumers from risks that arose with the introduction of pension freedoms.

FCA urges BSPS members to quickly file complaints

Scott Heppell/Reuters

The Financial Conduct Authority has written to individuals who transferred out of the British Steel Pension Scheme in 2016, urging them to file their complaints as soon as possible.

Free tool launched to help pension transfer clients identify scams

News on the go

On the go: Help & Advice has introduced a scam predictor to allow those considering a pension transfer to check whether they are at risk of being scammed.

HMRC discretion on scam victims’ tax bills not justifiable, says minister

Bloomberg

John Glen, economic secretary to the Treasury, has argued there is “no justifiable basis” for HM Revenue & Customs to use its discretion when assessing the tax treatment of pension liberation victims.

Govt rejects call for automatic Pension Wise appointments

Pixabay

The government has ruled out automatically enrolling pension savers into guidance appointments with Pension Wise before they can access their retirement pot.

MPs question govt comms on state pension underpayments

News on the go

On the go: MPs have written to the Department for Work and Pensions questioning the government’s communication strategy on state pension underpayments.

FCA relaunches pension transfer advice checker tool

News on the go

On the go: The Financial Conduct Authority has relaunched its pension transfer advice checker tool, which has been designed so that consumers can see whether they have received unsuitable advice.

Scam warnings on DB transfers near record high

News on the go

On the go: The number of scam warnings on defined benefit transfers is near a record high, despite a downward trend in transfer activity, XPS Pensions Group has said.

Uber faces legal action over Sharia compliant pension arrangements

News on the go

On the go: The App Drivers & Couriers Union has started legal action against Uber for failing to make Sharia-compliant pension arrangements for its majority Muslim workforce.