Most Pension Scammers Are Advisers, Say Financial Firms

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Crooked advisers are to blame for most investment scams, according to a probe by pension providers determined to root out the fraudsters. The Pensions Scams Industry Group (PSIG) came to the conclusion after scrutinising more than 27,000 pension transfers from defined benefit to defined contribution schemes by three providers – Phoenix Life, Standard Life and … Read more

Pooling Pensions Could Give Better Outcomes For Savers

Financial experts are advocating more pension tinkering after an international study of workplace schemes concluded retirement savers could benefit from pooling resources. The study looked at defined contribution pensions offered by employers and found that pooling could lead to benefit from economies of scale. This was most significant when schemes looked at: Negotiating fees for … Read more