MP’s pushed to launch pension scams inquiry
There are increasing calls for the work and pensions select committee to launch an inquiry into pension scams. The introduction of Pension Freedom in 2015 has seen a huge increase in consumers falling victims of pension transfer scams, with many losing their entire...FCA Ban Defined Benefit Pension Transfer Contingency Charging
The FCA has announced a ban of Contingency Charging for Defined Benefit Pension Transfer, which will come into force on 1st October 2020. This long awaited announcement follows on from the FCA’s CP19/25 consultation launched in July 2019. It comes as no surprise for...
Pension Bill introduces new anti scam safeguards for Defined Benefit Pension Transfers
The Pension Scheme Bill 2019/20 is set for its second reading in the House of Lords and is nearing Royal Accent. The new defined benefit pension transfer rules in the Pension Bill have been introduced to protect consumers from being scammed out of their pension pots....