Six people have been questioned by police as part of a joint operation with The Pensions Regulator (TPR) investigating a suspected pension fraud.
Around 370 people are believed to have transferred around £18m into eight pension schemes under investigation, with these funds then passed on to companies connected to the suspects in the investigation....
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.