TPR suspends Optimum Retirement Benefits Plan trustee following pension fraud allegations

A trustee of the Optimum Retirement Benefits Plan has been suspended by The Pensions Regulator after police launched an investigation into fraudulent pension activity.

The trustee of the Optimum Retirement Benefits Plan and other related pension schemes, Gordon Craig, is currently undergoing an investigation by the North West regional organised crime unit Titan

Pension savers vulnerable to financial harm; FCA survey shows lack of understanding

Two million defined contribution savers that received and read their annual statement said they did not understand it, according to the Financial Conduct Authority, with many savers displaying a vulnerability to financial harm

TPR set to increase intervention between triennial valuations

The Pensions Regulator will increase intervention between the triennial valuations of defined benefit schemes on a “risk based” approach, TPR CEO Lesley Titcomb has said

Over 70% of employees set to work beyond SPA

Almost three quarters, 72 per cent, of UK employees believe that they will work past the state pension age, Canada Life has found

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54% of SMEs see it as their duty to help staff prepare for retirement

Over half, 54 per cent, of small and medium enterprise employers see it as their duty to ensure staff can manage financially in their retirement

J.C. Flowers sells 21.4% stake in PIC to Abu Dhabi Investment Authority

J.C. Flowers has sold its 21.4 per cent stake in the Pension Insurance Corporation Group to the Abu Dhabi Investment Authority (ADIA), subject to customary regulatory approvals

BLOG: England reaches semis in Pension World Cup

The good news for England fans is that our pension system is considerably better than our football team, or so analysis by Scottish Widows would have you believe

Almost half of savers opt for equity release to boost pensions

Almost half, 48 per cent, of final salary pension holders have voiced their interest in releasing equity in their home to boost their retirement savings, while 27 per cent of personal pension savers would do the same, Hoxton Capital Management has found

Engaging tactics
Laura Blows talks to Mark Rowlands, director of customer engagement at NEST, about how to increase member engagement

Latest Features

Game over

The defined benefit sector has faced mounting issues over the past few years, but has it done enough to stop the blame game and learn from its mistakes? Theo Andrew investigates

Managing member complaints

Geraldine Brassett reveals the best ways to manage member complaints and the importance of learning lessons from them

Spotlight on scheme structures

The issues affecting contract-based and trust-based schemes, along with master-trusts and SIPPs/SSAS

Eggs in one basket

Key person risk – over-reliance on individuals within a company pension scheme who know how it is managed – continues to be a particular problem for the UK. Graham Buck examines whether there is a solution

Towards transparency

The quest for total cost disclosure remains incomplete but there are plenty of measures for trustees to implement now, finds Alastair O’Dell

Industry overseers – agenda update

h e bodies that oversee the pensions industry are pivotal in the development and evolution of the industry. Natalie Tuck takes a look at the current areas of focus for some of the sector’s biggest overseers

Out in the wash

Nigel Jones talks through the latest anti-money laundering legislation and the responsibilities it places on pension fund trustees

Expression of interest

Conflicts of interest are inherent in any pension scheme. Identifying and managing them are part of good governance, says Maggie Williams

Diverse thinking

Strong evidence suggests that a more varied workforce is a better performing one. But the pensions sector is playing catch up. What more can it do to promote diversity?

Picking up the pace

Sara Benwell considers the eff orts made by the pensions industry to adapt its products to the needs of today’s savers, and what more needs to be done

Going with the flow

Sandra Haurant explores how pension funds are adapting their ratio of liquid asset holdings to meet their changing needs

A new era

Pensions Age speaks to ITM’s leadership team as the company embarks on an exciting next stage of development

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Engaging tactics
Laura Blows talks to Mark Rowlands, director of customer engagement at NEST, about how to increase member engagement

Investment matters
Laura Blows talks to NEST CIO Mark Fawcett about managing market conditions and compiling the best fund choices for DC members
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