The Department for Work and Pensions will not legislate on ‘micro pot' refunds, despite industry warnings that schemes will be forced to administer thousands of tiny pots.
A spokesman for the DWP confirmed the government has decided not to legislate due to the complexity of refunding the micro pots. He said: "We agreed in the government response to the consultation [Improving...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.