The launch, by the FCA and The Pensions Regulator yesterday, of a joint regulatory strategy aimed at taking action to deliver better outcomes for pension consumers has been backed by the profession.
Four trustees of a master trust, who failed to promptly invest members’ savings for three years, affecting 9,081 members and contributions of £1.4 million, have been fined by The Pensions Regulator (TPR).
A document, released under freedom of information laws, has shown The Pensions Regulator has called on pension schemes to cut transfer values.
The launch of a new FCA and TPR campaign to boost awareness of pensions scams has been welcomed by the profession.
The Pension Regulator’s (TPR) Determinations Panel has recruited five members, as it prepares to rule on master trust authorisation applications.
Senior staff at a national recruitment agency tried to save money by impersonating their temporary workers to opt them out of their workplace pension scheme.
A senior director at The Pensions Regulator has called on pension holders to be more vigilant to combat increasingly "clever and devious" scammers.
Fixed penalties worth nearly £5million were issued to companies for failing to comply with auto-enrolment in the last financial year.
The Pensions Regulator has begun a name and shame operation to show which companies are failing to comply with auto-enrolment.
The Association of Member-Directed Pension Schemes (AMPS) has rejected a call to outlaw SSAS schemes to cut down on pension scams and says it is “stunned” the idea has been proposed.
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