The Pension Protection Fund (PPF) has raised the fraud compensation levy for the first time since 2012 as it prepares for an expected swell in claims.
The lifeboat fund, which runs the Fraud Compensation Fund (FCF), said it has raised the levy by 25 pence per member as it has been notified of "a number of possible claims" which might hit the FCF over...
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.