Pension schemes have been urged to make accurate record-keeping a priority ahead of the implementation of freedom and choice from 6 April.
This comes after The Pensions Regulator (TPR) opened cases against 11 out of a sample of 237 schemes following the launch of its thematic review into recording keeping, which was confirmed last year. ...
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.