UK investigates overseas pension transfers in scam crackdown

The Financial Conduct Authority (FCA), the UK’s financial services regulator, is currently investigating overseas pension transfers as part of a move to tackle widespread investment fraud, according to Paul Davies, director of advisory firm bdhSterling.

Best Practice | 30 Jan 17

Cold calling continues to rise despite proposed ban

In spite of warnings from government and the pensions industry, 7% of UK adults said they had released some or all of their pension savings as cash after being cold contacted, research from Phoenix Group has found.

Best Practice | 30 Jan 17

Qnups in retirement planning: a case study on Peter

In this second instalment on Qnups in wealth planning, the director of Isle of Man-based pension provider Optimus, Martin Hall, runs through a case study where Qnups are the right solution for the client.

Retirement | 25 Jan 17

UK pension freedoms trigger £9.2bn in outflows

The UK’s radical pension freedom reforms have led to over £9.2bn (€10.7bn, $11.5bn) getting encashed from pension plans since April 2015, HM Revenue & Customs revealed on Wednesday.

Retirement | 24 Jan 17

Pension scammers are getting smarter, FCA warns advisers

The UK’s Financial Conduct Authority (FCA) has warned financial advisers, DFMs and pension scheme operators that scammers are becoming increasingly sophisticated in developing products to defeat due diligence efforts.

Retirement