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Recognised overseas pension schemes notification list 17 July 2018
The list of Recognised Overseas Pensions Schemes (ROPS) notifications has been updated.
The list is of schemes that have told HMRC they meet the conditions to be a ROPS and have asked to be included on the list. 18 schemes have been added and 7 have been removed.
An updated list of ROPS notifications is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday the list will be published on the next working day. Sometimes the list is updated at short notice to temporarily remove schemes while reviews are carried out, for example, where fraudulent activity is suspected.
The requirements to be a ROPS changed from 6 April 2017 - find out about the changes for ROPS requirements.
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Baroness Ros Altmann to Chair pensionsync 19 July 2018
Ros Altmann has become the Chair of pensionsync – a ‘hidden gem’ pensions fintech firm.
In a press release from pensionsync Ros Altmann said:
“I am delighted to announce my appointment as Chair of award-winning fintech specialist pensionsync - a leading edge business with the potential to revolutionise auto-enrolment pensions administration and reduce costs. Launched in 2015, with the support of the Government’s ‘Project Innovate’ initiative and a participant in the FCA’s Sandbox innovation programme, pensionsync has already won two major Payroll Industry awards for its pension administration technology.” Ros Altmann is a leading authority on later life issues, including pensions, social care and retirement policy. Numerous major awards have recognised her work to demystify finance and make pensions work better for people. She was awarded a CBE for services to pensioners and pension provision and was the UK Minister of State for Pensions from 2015-16. She is also a member of the House of Lords.
William Lovegrove, CEO of pensionsync:
“Baroness Altmann has chosen to join pensionsync at an exciting time. Ros brings considerable expertise in pensions and benefits and has an unparalleled track record in advocating consumer rights. Her vision and experience are the perfect complement to our technology excellence and I’m looking forward to working with Ros as we prepare the company for future growth”.
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Beware cold-calls from fraudsters claiming to be from Pensions Regulator 19 July 2018
The Pensions Regulator (TPR) has received reports of pension holders being cold-called by individuals who have posed as TPR staff and offered the workers a 'free pension review' – a common warning sign of a scam.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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