A trustee has been fined £250 for failing to respond to requests for a pension transfer submitted by a fellow trustee of a plumber's benefit plan known as the TPR Executive Pension Scheme.
Deputy pensions ombudsman (DPO) Jane Irvine said Robert Evans had caused inconvenience to his colleague Peter Evans by ignoring requests to sign a form that would allow the movement of the funds. The...
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.