An insurance company director has been banned from company directorships after failing to keep adequate records and provide scheme members with up-to-date information.
The Insolvency Service handed the seven-year sanction to Cheshire-based Ivor John Jenkins following a multi-year investigation which also saw his company, Optimum Financial Solutions, wound up last February....
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter