While schemes are aware of pension liberation the issue of facility takeover fraud also needs attention says Rob Saville.
At a glance Facility takeover fraud is where a person unlawfully obtains access to the details of their victim and fraudulently operates the policy for their own benefit Cases of this type of fraud...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.