Flybe employees risk losing their defined benefit pensions
Flybe went into administration on 5 March 2020, putting over 2,200 employees out of work. 1,350 are now at risk of losing their defined benefit pensions. Flybe closed their defined benefit pension scheme in 2017/18 and replaced it with a defined contribution pension...
Norton Motorcycles Pension Transfer Scandal
The Norton Motorcycles administration saga has erupted into a huge pension transfer mis-selling scandal. In 2012 and 2013 over 228 savers were duped into transferring over £14m of their pension funds into 3 Norton owned Pension Schemes; The Commando 2012, The...
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....