Six key pension priorities for UK election manifestos
By Kirsten Hastings, 3 May 17
Pension scams, DB schemes and retirement support should all feature in the party manifestos the UK political parties publish ahead of the snap election on 8 June, the Pensions and Lifetime Savings Association (PLSA) has said.
Pension scams
Pension scams damage people’s retirement incomes. Under current law, the scheme trustees are powerless to stop the transfer even if they have grave concerns about the risks to the member involved.
To protect people from pension scams, legislation should be introduced to establish an authorisation regime for pension schemes. An individual would only have the right to transfer to an authorised scheme.
Tags: DB pensions | PLSA | Scams | UK Adviser
