Financial compensation

As of 1 September 2016 the Pensions Ombudsman Service is changing its name to The Pensions Ombudsman, or TPO when abbreviated. The new name is similar in style to its main partner organisations, The...
The Pensions Ombudsman Service today published its Annual Report and Accounts for 2015/16.  Its caseload It handled around 5,000 enquiries, 18% more than in 2014/15. It took on 1,363 cases for...
Retirees urgently need greater protection if firms become insolvent, The Money Charity has warned. Since 6 April, retirees have had more choice about what to do with their defined contribution (DC)...
Andrew Patten, Dentons, explores the growing and costly legacy of ineffective changes to member benefits
Adults should be allowed to make their own decisions and not be told what to do argues Robin Ellison, Pinsent Masons
Scottish Widows has been told it cannot reclaim £97,626.39 it mistakenly paid to the mother of a disabled child. The money came from a pension pot divided between Natalie McNicholas and her husband...
The details of how the government scheme to make payments to Equitable Life policyholders will work have been published by Mark Hoban MP, Financial Secretary to the Treasury. In line with the...
The details of how the Government scheme to make payments to Equitable Life policyholders will work have been published by Mark Hoban MP, Financial Secretary to the Treasury. In line with the...
Equitable Life (which was forced to close to new business in 2000) is making the first step towards the distribution of capital to its 400,000 policyholders. Having rebuilt its capital position,...
The Financial Services Authority (FSA) has fined Scottish Equitable £2.8m for causing significant consumer detriment through poor administrative procedures. Scottish Equitable will pay compensation...