New Single Financial Guidance Body CEO appointed

The Single Financial Guidance Body (SFGB) have appointed John Govett as their new Chief Executive Officer, which is due to launch in January 2019 to replace the Money Advice Service, The Pensions Advisory Service and Pension Wise. The new CEO will take up his position in October 2018, when the body is first being established, for a four and a …

Retirement ProfessionalsNew Single Financial Guidance Body CEO appointed

Scam fears prompt new parliamentary inquiry into pension freedom

Concern over the rise in scams is among the reasons prompting a new Work and Pensions Select Committee inquiry into whether the pension freedom reforms have achieved their objectives and if policy changes are needed. The committee, which is chaired by Birkenhead MP Frank Field, said this would follow up an inquiry it conducted shortly after the reforms were introduced …

Retirement ProfessionalsScam fears prompt new parliamentary inquiry into pension freedom

Pension scammers target 1.8million over 50’s in three months

Almost one-fifth (18%) of people aged 50 or over have been targeted by potential scammers during the past three months, according to research by Retirement Advantage. That equates to some 1.8 million people, who have been offered unsolicited free pensions advice or investment opportunities by phone, text or email. Retirement Advantage pension technical director Andrew Tully (pictured) said: “The pension …

Retirement ProfessionalsPension scammers target 1.8million over 50’s in three months

Stephen Crabb Work and Pensions Secretary Resigns

Stephen Crabb has resigned from his Government post as Works and Pensions Secretary, citing ‘the best interests of his family’. Crabb was rushed into the role at the Department for Work and Pensions (DWP) following the resignation of prominent Brexiteer Iain Duncan-Smith after the Budget this year. Following the vote to Leave at the EU Referendum, Crabb declared his candidacy …

Retirement ProfessionalsStephen Crabb Work and Pensions Secretary Resigns