Work and Pensions Committee (WPC)
Overloaded fraud police need industry support on scams, MPs told
Police and regulators need greater resources to tackle the rising threat of pension scams, the Work and Pensions Committee (WPC) has been told, so the industry should also play its part in reporting all suspected scam activity.
WPC asks industry for ideas to solve small pots problem
The Work and Pensions Committee (WPC) has asked the industry for “workable solutions” to address the problem of problem of proliferating small pension pots.
WPC chairman to seek transfer pause where scams suspected
Work and Pensions Committee (WPC) chairman Stephen Timms will table an amendment to the Pension Schemes Bill to allow schemes to pause transfers when a scam is suspected.
'Dishonest' Norton Motorcycles ex-owner told to return £14m to pension funds
The Pensions Ombudsman (TPO) has ordered a former owner of Norton Motorcycles to pay back £14m of pension fund monies that he had invested in the struggling sponsor.
Stephen Timms named as WPC chairman
Former pensions minister Stephen Timms has been elected chairman of the influential Work and Pensions Committee (WPC).
Four candidates named for WPC chair
At least four Members of Parliament (MP) will battle it out to chair the Work and Pensions Committee (WPC), it has been confirmed.
Five stories you may have missed this week
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
Frank Field to meet Insolvency Service chief over BHS pre-sale audit
Work and Pensions Committee (WPC) chairman Frank Field will continue his probe of former BHS owner Sir Philip Green as he prepares to meet Insolvency Service chief executive Sarah Albon later this month.
Lesley Titcomb: Balance between employer and member interests not always right
The Pensions Regulator (TPR) says it may have made mistakes but faces complex decisions to balance member and employer interests.
Smart Pension and L&G to develop default retirement pathway
Smart Pension and Legal & General (L&G) have partnered to create a workplace pension retirement income product that will combine drawdown and annuities.
Work and Pensions Committee to hold inquiry on DB white paper
The Work and Pensions Committee (WPC) has announced an inquiry into proposals within the government's white paper on defined benefit (DB) schemes.
Women in drawdown face being 37% worse off in retirement than men
Women using drawdown can expect to receive £47,000 less in their pension pot over a typical 20 year retirement period, according to Zurich.
TPR concerned Melrose takeover of GKN likely to have 'detrimental impact'
The Pensions Regulator (TPR) has expressed concern that a Melrose Industries takeover of GKN is likely to have a "detrimental impact" on the GKN defined benefit (DB) scheme.
Over three quarters of members want stronger checks to avoid scams
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).
Five stories you may have missed this week
This week's top stories included The Pensions Regulator naming schemes and trustees for chair's statements failures, and coverage of the final day of the Box Clever case in the Upper Tribunal.
Clear warning signs about Carillion were evident 'several years ago', says Field
Documents published by two select committees reveal there were warning signs about construction group Carillion's position and illustrate the "chronic underfunding" of the 13 UK defined benefit (DB) schemes.
