by Grove Pension Solutions | Jul 6, 2020 | Pension News, Pension Scams, Pension Transfer Bureau
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...
by Grove Pension Solutions | Mar 10, 2020 | Pension News, Pension Scams, Pension Transfer
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...
by Grove Pension Solutions | Feb 24, 2020 | Pension News, Pension Scams, Pension Transfer
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...
by Grove Pension Solutions | Jan 27, 2020 | Pension News, Pension Scams, Pension Transfer, Pension Transfer Bureau
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....
by Grove Pension Solutions | Jan 22, 2020 | Pension News, Pension Scams, Pension Transfer
The Pensions Ombudsman rejection of complaints against the trustees of the British Steel Defined Benefit Pension Scheme has led MPs in the South Wales to explore legal action to quash the findings of the Pensions Ombudsman. Pensions Ombudsman: “After extensive...
