Pension ‘liberation' is the latest challenge for trustees. Of course, it's not ‘liberation', it's theft: nasty, pernicious, old fashioned fraud and theft. Those guilty should be tracked down and locked up.
Fraudsters set up a bogus scheme which is registered with the authorities and can appear quite legitimate with a very plausible name. These fraudsters then target unsuspecting scheme members, sometimes...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.