Hannah Brenton looks at the murky world of pension ‘liberation' companies that prey on scheme members in desperate need of cash - and what schemes can do to stop them.
‘Withdraw Your Pension NOW,’ booms an online advertisement, ‘You can’t sell your UK Pension early BUT you can transfer to cash FAST.’ Through website promotions, cold-calls and adverts like the one...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).