We need legislation on DB transfers
Margaret Snowdon says the industry remains handicapped, regardless of multiple layers of protection adopted on a voluntary basis
We all want to stop scammers getting their hands on peoples' pension savings, but this can feel like a tough gig. We're under pressure to process work as quickly as possible, with as little interruption...
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FCA confesses to freedom of information data breach
The Financial Conduct Authority (FCA) has admitted to a data breach which saw confidential information accidentally made publicly available.
Industry not convinced by GMP equalisation tax guidance; unanswered questions remain
The pensions industry still has a number of questions following the publication of HM Revenue and Customs’ (HMRC) guidance on tax issues covering GMP equalisation.
HMRC publishes guidance on tax issues arising from GMP equalisation
HM Revenue and Customs (HMRC) has published guidance on the pension tax issues arising from equalising benefits for the effect of inequalities in guaranteed minimum pensions (GMPs).
PASA launches consultation on DB transfers code
PASA’s DB transfers code of good practice is asking the industry to commit to delivering faster, safer transfers. Holly Roach reports
ACA flags concerns over PPF insolvency risk changes
The Association of Consulting Actuaries (ACA) is calling on the Pension Protection Fund (PPF) to review how insolvency risk methodology will change from next year.
