Taha Lokhandwala looks at increases in scheme fraud and the growing problems of collusion by those working within pension funds.
Fraud often pops in and out of the minds of trustees. Overall it costs the UK economy £73bn a year according to the National Fraud Authority. In pensions specifically the consensus is it’s on the rise....
PFI’s retirement business, also known as Prudential Retirement, is expanding its global longevity reinsurance business with an offering driven by growth in the UK pensions market.
Professional Pensions is looking to speak to a number of member-nominated trustees.
This week’s top stories included a ruling for a convicted trustee to return £292,000 in stolen pension funds, while the long-awaited timeline for the pensions dashboard was announced.
A convicted fraudster has been ordered to repay £292,000 which he transferred from savers’ pension pots and funnelled into businesses he part-owned.