The rate at which pension transfers demonstrated signs of a scam soared in March, as XPS Pension Group’s Scam Flag Index showed that 70% of transfer requests made across the month exhibited indicators… The post Pension scam signs near record highs as 7 in 10 transfer requests appeared first on London Business News | Londonlovesbusiness.com.
The Government this morning published proposals to help pension schemes boost investment diversity. What our pensions are invested in may not preoccupy our daily thoughts, but it can have a… The post Government publishes proposals to diversify pension investments appeared first on London Business News | Londonlovesbusiness.com.
Some people who transferred out of the British Steel Pension Scheme have suffered significant financial losses because they were provided with unsuitable advice, the regulated financial advice market failed to… The post National Audit Office slams British Steel Pension Scheme operation appeared first on London Business News | Londonlovesbusiness.com.
Nearly half (42%) of trustees and pensions managers admit that they are not aware of when their scheme’s pensions dashboard staging date will be, according to polling by WTW. Furthermore,… The post Nearly half of pension schemes are unsure about dashboard deadlines appeared first on London Business News | Londonlovesbusiness.com.
The war in Ukraine is unnerving global stock markets, which has implications for the value of pension pots and by extension, retirement plans. Initially, the concern among pension savers was… The post What does the Russia-Ukraine war mean for you money appeared first on London Business News | Londonlovesbusiness.com.
Pensioners need to be alive to the risk of soaring inflation after the Bank of England warned average prices could rise as much as 7.25% in April 2022. People who… The post Pensioners could be amongst the hardest hit by soaring inflation appeared first on London Business News | Londonlovesbusiness.com.
Mercer’s Pensions Risk Survey data shows that the accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies rose by £4bn over the course of… The post FTSE 350 pension scheme deficits increase despite rising yields appeared first on London Business News | Londonlovesbusiness.com.
The Government has come under yet more fire over errors which led to pensioners being underpaid state pensions – this time from the Public Accounts Committee of MPs. Errors dating… The post MPs slam ‘shameful shambles’ of DWP state pension underpayments appeared first on London Business News | Londonlovesbusiness.com.
The Government has come under yet more fire over errors which led to pensioners being underpaid state pensions – this time from the Public Accounts Committee of MPs. Errors dating… The post MPs slam ‘shameful shambles’ of DWP state pension underpayments appeared first on London Business News | Londonlovesbusiness.com.
The Department for Work & Pensions (DWP) estimates it has underpaid 134,000 pensioners, mostly women, over £1 billion of their State Pension entitlement, with some of the errors dating as far back as 1985. In January 2021, DWP started an official exercise to correct the errors, the ninth such exercise since 2018. The errors –…
