The Department for Work and Pensions (DWP) has launched a consultation calling for views on changing rules on bulk defined contribution (DC) transfers without member consent.
The consultation issued on 20 December seems to encourage greater consolidation of DC funds by moving regulations away from those originally designed for defined benefit (DB) schemes. The current rules...
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.