Ombudsman

The majority in the industry back the action taken by trustees and insurers to block transfers to schemes they suspect may be fraudulent.

Annuities have become the new focus for complaints according to figures from the Financial Ombudsman Service (FOS), a year after the product was publicly abandoned by the Chancellor.

Top stories on the website this week include three decisions from the Pensions Ombudsman on suspected liberation fraud and a review of general election manifestos. Here's what you might have missed.

Robin Ellison says regulators are good at grandstanding but bad at protecting savers

A ruling from the High Court has made it more difficult for members to keep pension overpayments on the grounds that they did not know their obligations.

Our top stories this week included problems for MyCSP, a whopping legal bill for Guinness Peat, an ombudsman decision with wide-reaching consequences, and schemes taking asset management in-house.

Our top stories this week covered concerns over a drawdown capacity crunch and fines for savers who take advantage of DC ‘freedom and choice', a pension scam crackdown and a slap on the wrist for L&G. Here's what you might have missed.

The Financial Ombudsman Service has ordered Legal and General (L&G) to compensate two customers who transferred out of defined benefit schemes following "unsuitable" advice.

Ibstock Pension Scheme must pay the additional £140,000 Pension Protection Fund (PPF) levy it received after submitting erroneous data in 2011, says the PPF Ombudsman.

The High Court has ruled that companies cannot challenge Pension Protection Fund (PPF) levies based on failure scores calculated using out-of-date information.