Regulators have joined forces to raise awareness of pension liberation “predators” who target cash-strapped workers promising to release their pension as a loan or lump sum.
The campaign, aimed at consumers and pensions professionals, is part of a multi-agency crackdown on the schemes which have already released hundreds of millions of pounds and seen thousands of members...
Schemes were urged to see the post referendum environment as a “world of opportunity” by an investment panel at PBUK.
The Pensions Regulator (TPR) does not recognise success by how often it uses its anti-avoidance powers, says Lesley Titcomb.
Employers are being encouraged to use advancing technology to provide employees with more personalised and optimal benefits.
Record lows in gilt yields have pushed up the liabilities of UK defined benefit (DB) schemes to an all-time high of £2.3trn following Britain's decision to leave the EU.