The Institute of Chartered Accountants of Scotland (ICAS) has called on the Scottish government to reform cessation debt rules in the Local Government Pension Scheme (LGPS).
Currently, employers in the Scottish LGPS, many of which are charities, face having to pay a significant sum of money, calculated on a buyout basis, when they cease to employ an active member in the scheme....
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.