Pension fraudsters are often described as ‘pushy’, but what else do we know about them?
Top stories this week include the government dropping mandatory advice for small defined benefit (DB) transfers, hundreds of fines for auto-enrolment non-compliance, and a multimillion pound settlement for Carrington Wire. Here's what you might have missed....
The Financial Conduct Authorities' (FCA) attempts to prevent mis-selling after ‘freedom and choice' policies kick in this April have been trashed by respondents to PP's weekly survey.
The government has abandoned the requirement for defined benefit (DB) members to take regulated advice before transferring a small pot into a defined contribution (DC) scheme.
The Financial Conduct Authority (FCA) has told pension providers they must question savers about their "health and lifestyle choices or marital status" before allowing a pot to be cashed in.
A proposed change to the Pensions Schemes Bill may lead to a future cap on charges in drawdown funds.
The Financial Conduct Authority (FCA) must establish a ‘second line of defence' for retirees ahead of pension freedom or the industry faces another major mis-selling scandal, according to MPs.
DC charges branded "shocking rip off" as industry says things have to change
Dr Nicholas Motson, a lecturer in finance at the Cass Business School, has called for greater disclosure of fund holdings to allow researchers to calculate retail funds' 'active share'.
Pension providers should ensure all retirees use the open market to buy an annuity at the point of decumulation to ensure they get the most out of their savings, Just Retirement has said.