Aj Bell

Pensions industry representatives were questioned by the committee on freedoms

The Pensions and Lifetime Savings Association (PLSA) has called for a new set of product, communication and governance standards to allow greater provider support for savers.

Pension transfers will be red flagged and blocked if savers have been approached via social media under stronger anti-scam plans set out by the government today.

Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.

The industry has criticised the government’s planned increase of the normal minimum pension age (NMPA) ahead of the close of HM Treasury’s consultation on its confirmation tomorrow.

The scam ‘epidemic’ across the pensions industry needs better government intervention in the form of a specifically appointed minister, AJ Bell has reiterated.

The Department for Work and Pensions (DWP) is seeking views on how trustees understand the role of social factors in pension scheme ESG policies.

Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.