The Pensions Ombudsman (PO) has backed Royal London's decision to allow a scheme member to transfer £112,542 into another fund.
The complainant, Mr. T, said the firm should have blocked his request to transfer into the Capita Oak scheme in 2012. The scheme, which did not require members to be current employees, is now in liquidation,...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.