PENSIONSANDSAVINGS.COM

Ros Altmann to Chair pensionsync – a ‘hidden gem’ pensions fintech firm. As Government backs away from Pensions Dashboard, partly due to costs and data unreliability, new technology, developed by private sector can revolutionise auto-enrolment administration. Automating pension contributions saves time, saves money, improves accuracy and enhances GDPR compliance, giving people cheaper pensions for the future. Some day all pensions should be done this way! I am delighted to announce my appointment as Chair of award-winning fintech specialist pensionsync –…

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The much-promised pensions cold-calling ban, legislated for a few months ago and promised to come into effect by end June, is not ready on time. The Regulations required to implement the ban have not been laid, so the timetable will not be met. The need for a ban is widely recognised. The sooner cold-calling for pensions is outlawed, the sooner people will be better protected against being scammed and losing their life savings. So many people have already suffered from…

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Work and Pensions Committee Report exposes gaping hole in pension freedoms as customers are left unprotected at retirement. Urgent calls for simpler, fairer information and standardised forms to help people understand their pension options and improve retirement income. Pressure on pensions industry to offer innovative products and good value default options for retirement income as MPs call for NEST to be allowed to compete. Before taking money out of pensions, more people need impartial financial guidance or advice.   Gaping…

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UK State Pension officially the worst in the world – but still needs to be cut further. Middle income groups receive worse pensions than any other country in the OECD. Government actuaries say under-30s won’t get state pension till their 70s as new State Pension system is unaffordable. The Government Actuary says the UK State Pension is not sustainable, even though it is the lowest in the developed world, according to latest OECD figures. UK bottom of the global pensions…

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Changes to Financial Guidance Bill would leave pension customers more at risk of scams and fraud, buying overpriced products or paying unnecessary tax. Automatic guidance can help pension customers make the most of their pension savings. Disappointing to see Government bowing to industry pressure to weaken consumer protection. More pension customers will be at risk of scams and losses: I am really disappointed that the Government seems to have bowed to industry pressure and proposes to weaken consumer protection for…

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Carillion suggests some firms treat pension debt as ‘optional’. Did lenders demand pension fund should be sacrificed as condition of bank loan? Trustees and Pensions Regulator must be consulted before scheme security is compromised. Totally unacceptable to insist pension security plays second fiddle – these liabilities have people’s lives attached. Serious questions about banks demands to reduce pension funding as condition of new loans: Evidence is emerging today which suggests that Carillion’s banks insisted further lending to the company was…

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