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Pensions administration firm Trafalgar House has been appointment to the ITN Limited Pension Scheme.

The launch of a new FCA and TPR campaign to boost awareness of pensions scams has been welcomed by the profession.

The use of the wrong platform to launch a petition against scrapping the pensions dashboard mean that the issue will not be debated in Parliament, despite surpassing 100,000 signatures.
 
The petition, which has so far reached 130,768 signatures, was set up on the 38 Degrees website, but to qualify for Parliamentary time petitions must be created on the official petition.parliament.uk website.

Aegon has slammed the process as “smacking of Yes, Minister bureaucracy.”
 
The petition calls on Work and Pensions Secretary, Esther McVey, to keep to previous Government pronouncements and to follow through with delivery of the pensions dashboard.
 


Normally once a petition reaches 100,000 signatures it is considered for debate in Parliament, but only if petitions filed use the Government’s petition service.
 
Kate Smith, head of pensions at Aegon, said: “It’s ridiculous in this digital age that the Government insists on people using its own petition service to get something debated in Parliament, and smacks of Yes, Minister bureaucracy.

“The pensions dashboard is an important consumer-facing initiative and one that is backed not only by the pension industry but by many others.

“The fact that over 130,000 people have signed the petition in a matter of weeks shows people’s passion for the pensions dashboard and has generated welcome publicity.

“The Government needs to acknowledge this and debate the issue in Parliament.”

SSAS veteran EBS Pensions has reported an 18% increase in client numbers to 16,600 and a significant increase in profitability in 2017 under new owners the Embark Group.

New figures from the ONS, which point to a slowing of life expectancy increases, are good news for defined benefit pensions schemes, according to AJ Bell.

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