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The Department for Work and Pensions has launched a Green Paper to consult on significant proposed changes to workplace Defined Benefit pensions which cover 11m people.
The Serious Fraud Office has today charged David Ames, chairman of the Harlequin Group of companies, a property company used by Sipp investors, with three counts of Fraud by Abuse of Position, contrary to section 1 of the Fraud Act 2006.
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.
The Association of British Insurers has urged the government to put on hold its plans to curtail tax relief for pension freedom users.
An executive director at The Pensions Regulator has called for pension transfers to SSAS to be banned.
A deluge of spam emails and texts from ‘cowboy’ firms could replace pensions cold calling when it is banned, the ABI fears.
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