Pension
Pensions bill ‘one of biggest failings of UK policy’
But it tackles pension dashboards and collective defined contribution schemes’ establishment
UK government urged to review pension allowances
HMRC told to work with schools to improve public’s understanding of tax and finance
Pension advert misled clients on financial advice
Website claimed to compare best deals and to be able to ‘increase pension by 40%’
DB pension transfer complaints rise 44%
FOS received 798 complaints and upheld 39% of cases in favour of clients in 2018/19
‘House of cards’ pension scheme bosses banned for 34 years
They ‘liberated’ around £12m of funds promising 6% returns