It is wrong and "possibly illegal" for trustees to fully embrace The Pensions Regulator's stance on enhanced transfer value exercises, Raj Mody says.
PwC chief actuary Mody said it was important to remember that the regulator's draft guidance is still out to consultation and is not anywhere near official yet. He said trustees must remember the draft...
The government should consider handing to a minister the specific responsibility for tackling the growing number of scams across the finance sector, AJ Bell says.
The Transparency Task Force (TTF) has published an open letter to prime minister Boris Johnson asking him to take a personal interest in pension scam problems and push for legislative flexibilities for scam victims.
Pensions and financial inclusion minister Guy Opperman has confirmed a cross-sector working group to address the problems caused by small pension pots.
Outgoing chief executive calls on regulator to change
The time flexibility provisions introduced to help schemes which need to report late payments from employers for workplace pension schemes will be revoked, The Pensions Regulator (TPR) has confirmed.