DWP
Pensions cold calling ban kicked further down the road
As the Trump cavalcade roars across Britain, the UK government has quietly announced that a planned ban on pensions cold calling has been further delayed.
Unlimited fines and jail for reckless DB scheme providers
Powers that would allow the UK’s pensions regulator to give unlimited fines and criminally prosecute reckless behaviour in relation to defined benefit (DB) pension schemes are being considered in a government consultation paper.
Best Practice | 27 Mar 18
‘Disaster’ averted: UK keeps mandatory pension transfer advice
Easing the advice requirements for transfers of guaranteed pensions to overseas schemes “could have been a recipe for disaster”, AJ Bell senior analyst Tom Selby said of the UK Government’s decision not to scrap the requirement to take financial advice.
Best Practice | 13 Feb 18
Cold-calling ban questioned as gov’t plans ‘swifter’ launch
The UK Government is planning to “swiftly” introduce a pension cold-calling ban, but has come up short on setting an exact date, as industry commentators have questioned how effective a ban will be in stopping criminals.
FCA probes 109 firms connected to British Steel pensions
The Financial Conduct Authority has contacted 109 firms connected to British Steel Pension Scheme (BSPS) transfers and requested further information from 66 of them, the regulator has confirmed.