Warning that lax due diligence could be compounding the problem
Nigel Peaple says beginning as a pensions tracing service may be the best approach
Member communications will become more tailored as a result of the pension dashboards
Guide explains the nature and extent of the problem and outlines how trustees can manage the risks
Kim Gubler wants dashboards to be launched as soon as possible but notes challenges with personal data matching will mean the primary focus should be on ensuring pensions are correctly found not on displaying income amounts.
Less than half (45%) of trustees and pension scheme administrators say their schemes have accurate accrued pension amounts available digitally for all members, according to PP research.
Girish Menezes looks at whether the two-page simpler annual statement is effective at giving members the detail they need
If authorities really want to stop scams, they ought to make it safe for trustees to refuse a transfer that shows red flags, says Margaret Snowdon
The industry has raised serious concerns that Financial Conduct Authority (FCA) transfer advice proposals on illustrative figures could hamper schemes’ ability to help members to understand their retirement options and force many to take full regulated...
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