Pension
FSCS and UK Serious Fraud Office join forces to fight scams
Government body will be given data on fraudulent investment schemes and the advisers promoting them
45 UK firms declared in default in last six months
One company was reportedly involved in British Steel Pension Scheme scandal
Wealth firm’s DB transfers to be scrutinised
To assess if some clients are due compensation for the advice they were given
Pension withdrawals jumped in Q3
But only half of retirees aware of the money purchase annual allowance
Just 3% of couples divorcing seek financial advice
People ‘often unaware’ of what they are entitled to and lack knowledge of pension rights