Let’s not mince words, scamming is a criminal activity. And let’s also be honest that the theft of consumers’ pension savings has proved hard to prevent under the current legislative and regulatory framework.
It is clear from our 21st century trusteeship and governance1 research that the quality of trustee governance and administration is patchy.
I welcome the Government’s introduction of the Pension Schemes Bill into Parliament today – actually, I am positively ecstatic that this bill has finally seen the light of day.
Looking at the media, you could be forgiven for concluding that defined benefit (DB) pension scheme deficits are about to rain Armageddon on UK Plc.