The number of pension trustees who are encouraging members to take regulated financial advice has increased by 9% over the past year.
Most pension trustees (88%) have expressed fears that scheme members will face “predatory attention” from scammers.
A corporate professional trustee firm has been fined £103,750 for breaching multiple areas of pension law.
New standards for professional pension trustees have been published today by the Professional Trustee Standards Working Group.
The CMA has published details of the areas it plans to investigate as part of its probe into investment consultants who advise pension trustees.
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