Displaying items by tag: pensions
DB transfer complaints spike by 44% in a year
Transfer values ‘volatile’ over September, XPS data reveals
73% of pension schemes ‘need to combat climate change’
Pensions Regulator launches record-keeping crackdown on schemes
WASPI campaign loses court battle
Pension savers lose out in £600m ‘tax grab’
Lisa Webster: Drawdown advice 2020
AJ Bell launches pension freedoms income solution
AJ Bell has launched a retirement income solution to help financial advisers manage clients taking income in retirement.
XPS Administration gets top employment award
Pensions Regulator prosecutes trustee firm director
A company director is to be prosecuted by The Pensions Regulator (TPR) for failing to provide information and documents requested as part of an ongoing investigation.
Michael Woolley was asked to provide information about investments made by company Southbank Capital Limited, of which he is both a director and a shareholder.
The investments related to money and/or assets originating from 16 pension schemes for which PIM Trustees Limited is the trustee.
Mr Woolley is the sole director and a shareholder of the professional trustee firm.
He was accused of failing to comply with a notice issued under section 72 of the Pensions Act 2004 that required the information and documents to be provided by 12 February 2019.
Mr Woolley has been summonsed to appear at Brighton Magistrates’ Court on 13 November to face a charge of neglecting or refusing to provide information and documents, without a reasonable excuse, when required to do so under section 72 of the Pensions Act 2004, contrary to section 77(1) of that Act.
The case continues.