David Mowat, MP for Warrington South, recently suggested in a House of Commons debate that the coalition should create a nationalised, low-cost, annuity provider to protect pensioners from poor retirement products.
This is an excellent suggestion. But there is a more market-oriented way of achieving the same end. The current Open Market Option allows retirees to shop around for the best annuity rate, and the most...
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.