Scheme members conned by pension loan operators have been left suicidal after finding out the deals are invalid and they face massive tax charges.
The Pensions Regulator, HM Revenue & Customs and the Financial Services Authority today (Saturday) warned members not to use pension loans or pension liberation companies to access their retirement savings...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".