Industry

Action Fraud has revealed £1.8m has already been lost this year to pension fraud, as it warns savers to be vigilant and protect their pensions.

The industry has criticised the government’s planned increase of the normal minimum pension age (NMPA) ahead of the close of HM Treasury’s consultation on its confirmation tomorrow.

PensionBee has a market capitalisation of £365m and has set an initial public offering share price of 165p.

The industry needs to proceed with caution when giving members’ the illusion they have voting rights on the shares in their pension scheme, PTL says.

Three industry veterans have formally launched a dedicated Professional Corporate Sole Trustee (PCST) firm in a bid to capitalise on growing demand in the area.

The Pensions Management Institute (PMI) has accredited 20 Punter Southall Governance Services (PSGS) trustees under its professional trustee accreditation programme, Aptitude.

Trustees receive a huge amount of guidance, but is it all useful? Holly Roach reports.

Rachel Vahey sets out four key takeaways from the Work and Pensions Committee (WPC) report into pension scams and urges swift, nimble action to stop the perpetrators.

Professional Pensions asked its readers to describe the current state of the pensions industry in one word this week, eliciting a mix of predominantly gloomy adjectives.

Pension schemes are increasingly seeking to provide additional support to members at retirement through online modellers and regulated financial advice, Aon says.