British Steel workers let down by basic mistakes
Independent review found scarce communication and information left pension scheme members in a vacuum
Pension
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Italy lures retired foreigners with low tax regime
Spoiled for choice – Italian government offers prospective residents sun, good food and low taxes
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Lifeboat scheme U-turn over British Steel mis-selling scandal
FSCS offers additional compensation to those ‘let down’ by Active Wealth
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UK regulator admits adequacy of advice still a concern
Number of people investing up but risk of ‘poor value’ services still high Click through the slides below to see the key concerns flagged up by the Financial Conduct Authority.
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Pension cold calling ban is ‘only part of the solution’
UK companies may face fines of up to £500,000 but overseas firms are exempt from the ban
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UK gov’t launches advice provider to ‘streamline service’
Operation created by merging Money Advice Service, Pension Advisory Service and Pension Wise
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UK government bans cold-calling on pensions
The ban will come into effect on 9 January 2019
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Ombudsman finds Sipp provider accountable for client losses
Three individuals had invested a total of £36,200 in an ethical forestry scheme
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First UK pensions dashboard set for 2019
But governance, compulsion, regulation, the timetable and funding questions remain
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Remove 12-year offshore investigation limit, say UK Lords
New powers proposed in Draft Finance Bill 2018 would impact elderly and people on moderate income
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FCA takes legal action against pension firm
The regulator said Avacade conducted ‘regulated activities’ without permission and ‘misled’ clients
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Industry concern over new UK pensions secretary
Experts have no confidence over Amber Rudd’s appointment to key role in current political climate