Pension
Best Practice | 24 Jan 18
Pension scammers ordered to repay £13.7m in landmark ruling
Four fraudsters who squandered the pension savings of 245 people have been ordered by the UK High Court to pay back £13.7m ($19.1m, €15.6m), the first time such an order has been obtained.
Fifth UK pensions secretary in three-year ‘merry-go-round’
The UK Government’s appointment of a new pensions secretary has been labelled as “disappointing” by a financial industry expert, who says the position has become a merry-go-round, as the role has now changed hands five times in just three years.
UAE considers expat pension schemes
Pension schemes could soon be available for expat workers in the UAE, following a study that recommends replacing traditional end-of-service gratuity schemes with a savings investment fund.
MPs make urgent cold calling plea
MPs have called on the UK Government to accelerate the implementation of a pensions cold calling ban alongside enhanced pension freedoms safety measures.
Exposing the true cost of investing
Just the threat of transparency will push asset managers to offer discounts to retail and institutional investors, according to one industry expert who is on a quest to uncover the true cost of investments and the apparent conspiracies against transparency in the market.