Two north-west businesses have been wound up by the High Court after convincing 209 people to put total pension savings of £11.9m into a fraudulent investment scheme.
The victims were encouraged to take a loan from Windermere-based G Loans Ltd on condition that they used their pensions to buy shares in the Liverpool-based firm, KJK Investments Ltd. They were promised...
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.