Pension scams

The government is planning to release proposals on pension scams, reducing fees and charges, and improving transparency "very soon", according to Richard Harrington.

Calum Cooper urges schemes to engage with members on defined benefit transfers

The regulator's call to ban transfers to small self-administered schemes (SSASs) to help crack down on scams has received little support from the industry.

'Government campaigns can work'

A government proposal to limit the right to transfer to protect members from scams 'lacks ambition' and needs a much tougher approach, says the industry.

The government's proposals to clamp down on pension scams will not go far enough to stop fraudsters, according to the Pensions Management Institute's (PMI) president.

Trustees are being urged to use quarterly meetings to set their administration priorities and scrutinise providers.

Brexit will not have a material impact on auto-enrolment (AE) contribution rates and should not be used as an excuse to meddle with the regime, the industry has said.

Guidance on transfers to 'suspicious' schemes

The number of UK adults who received cold calls about their pension rose to 26% according to research commissioned by Phoenix Group.