Five stories you may have missed this week
This week's top stories included the ombudsman's ruling that wording in the Local Government Pension Scheme rules did not allow it to retain a fraudster's pension.
The Pensions Regulator also secured its first criminal conviction against a solicitor and his firm for failing to provide it with documents, while JLT Employee Benefits hired a new head of buy-ins and buyouts.
1) LGPS cannot withhold fraudster's pension rights, ombudsman rules
The Pensions Ombudsman has ruled Enfield Council cannot withhold pension benefits for a man who embezzled nearly £500,000, due to the Local Government Pension Scheme rules.
2) Solicitors fined £16,000 in TPR's first criminal conviction
Ashley Wilson Solicitors and one of its partners have been fined £16,000 for refusing to give The Pensions Regulator documents for an investigation, in the first use of one of its powers.
3) JLT Employee Benefits hires head of buy-ins and buyouts
Harry Harper has been appointed head of buy-ins and buyouts in the investment consulting division of JLT Employee Benefits.
4) Freedom and Choice ‘confuses' two-thirds of over-55s
Confusion over pension freedoms rules has landed savers with a higher than expected tax bill, according to Prudential.
5) DB schemes ‘could save up to £30bn' through access to more timely data
Hymans Robertson has launched an analytics service to give trustees access to more accurate and timely funding and risk data, to address issues from relying on out-of-date information.
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