Two former pension trustees are to face trial at Crown Court accused of arranging £700,000 in illegal loans and investments.

A pair of pension trustees have pleaded guilty to making illegal loans from a company pension scheme to the scheme’s employer.

The Pensions Regulator (TPR) has launched a new three-pronged scam prevention strategy as concerns over rising vulnerability amongst pension savers continue to rise.

It said that all advisers, administrators, trustees and providers should take responsibility for protecting pension savers by joining its pledge to combat pension scams.

A major trial involving an alleged £13.7m pension transfer fraud has been set to take place in June 2022 after three people appeared in court this week.

The number of pension withdrawals in August and September increase dramatically, according to new data.

The Pensions Regulator has so far issued 115,459 auto-enrolment fixed penalty notices since the start of the workplace pension scheme in 2012.

The Pensions Regulator has warned savers looking to transfer their pension pot during the Covid-19 outbreak that the move is “unlikely” to be in their best long term interests.

The Pensions Regulator is set to shake up selected rules covering pension trustees to improve protection for pensions savers, it announced today.

The Financial Conduct Authority’s pension scheme has apologised after being hit with a £2,000 fine from The Pensions Regulator over governance shortcomings.