There is an eight month backlog to process guaranteed minimum pension (GMP) data at HM Revenue and Customs (HMRC) according to Hymans Robertson.
The firm sent data from a client to HMRC but received a notification on 22 November which reveals the pressure the department is under. HMRC told Hymans Robertson files being submitted via the GMP...
The government is looking for a new administrator to service the Royal Mail Statutory Pension (RMSPS) Scheme, the UK's sixth largest public sector pension fund.
A government proposal to limit the right to transfer pension funds amid increasing scam activity has been welcomed by the industry.
Airways Pension Scheme (APS) trustees did not have the authority to make an amendment to the scheme rules, a lawyer for British Airways (BA) has told the High Court.
The government has launched a consultation on banning pensions cold calling and limiting the right to transfer after a rise in scams since the pension freedoms.