a free pension review the promise of guaranteed returns on your investment low tax / tax-free rates, including tax-free lump sums exotic sounding and/or overseas investments pressure to sign up quickly to avoid missing out.
Visit pension-scams.com for tips on how you can prevent yourself, your clients, friends and your family from becoming a victim. This includes an online scam-spotting tool for those considering investing their pension pot and a quick five- step guide to help savers protect themselves with practical tips and questions to consider.
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Latest Countdown Bulletin published 11 August 2017
These Bulletins provide guidance and updates to pension scheme administrators about the ending of contracting-out - part of the new State Pension which was brought in on 6 April 2016.
The countdown bulletins are produced by the National Insurance Services to Pensions Industry (NISPI).
Countdown bulletin 26 includes updates on
SRS and Closure Queries re-runnable solution delivery plan Not In Scheme Queries Scheme reconciliation and active member queries Department for Work and Pensions (DWP) update Late expressions of interest Scheme reconciliation re-run requests
Previous editions of the Countdown Bulletin are available on GOV.UK.
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The Information Commissioner’s Office to enforce cold calling ban to protect savers 22 August 2017
The response to the consultation on pension scams has been published to detail what actions government intend to make in the coming years in a bid to protect pension savings from theft through scams.
The government received 111 responses to its December 2016 consultation that contained three proposals for interventions aimed at tackling pension theft through scams.
Whilst a number of respondents had suggested that the government could and should go further by taking a significantly tougher approach, the majority of respondents were supportive of government proposals.
The consultation response sets out the feedback the government received and its intended next steps. The measures will include:
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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