Pension

North America | 23 Dec 16

A US pension fund manager has been charged by the Securities and Exchange Commission (SEC) for a $2.5bn (€2.3bn, £2.02bn) pay-to-play scheme, including cocaine and hookers.

Retirement | 15 Dec 16

The UK government’s plans to tighten rules on transferring money out of pensions to tackle widespread fraud, has been described as “anti-consumer” by Rops provider Momentum Pensions, which warns the move will unfairly restrict transfers to overseas pensions.

Best Practice | 9 Dec 16

The UK Government’s proposed ban on pensions cold-calling will deter scammers but must be just the start of a concerted effort to drive fraudsters out of the market, says AJ Bell.

Retirement | 8 Dec 16

The OECD, a Paris-based economic body, has called on the UK government to ensure people have access to financial advice following the introduction of the pension freedoms.

Best Practice | 5 Dec 16

Nearly two years after the UK pension freedoms were introduced, the British government believes the current massive scale of scamming activity surrounding the industry warrants new laws to limit the rights of savers to transfer money out of existing schemes for their own protection.