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Sharp-eyed pensioners were concerned when they spotted that Reuters Pension Fund assets had dropped by more than a billion pounds between 2021 and 2022. The latest accounts show a 39% drop in assets from 2.8 billion pounds to 1.7 billion.
- Pension Review Group - News
Sharp-eyed pensioners were concerned when they spotted that...
- Pension Review Group - Why have the net assets of RPF fallen ...
Sharp-eyed pensioners were concerned when they spotted that...
- Pension Review Group - News
Aug 17, 2023 · Scammers pretend to be experts: these criminals will often pretend to be a pensions adviser, from a government agency or from a genuine financial firm. Key phrases: if you see the words “free pension review”, “pension liberation”, “loan”, “savings advance” or “cashback”, it could be a scam.
- Dragging Their Heels
- The Fastest Pension Providers
- The Slowest Pension Providers
- Why Are They So slow?
- Biting Back
Each year pension advice firm Portafina releases a series of tables, charting the length of time taken by the different pension providers to provide the basic information needed in order to advise savers on areas like the pension freedoms. The data covers a whopping 13,021 requests for information made by the firm on behalf of more than 7,000 pensi...
Let’s start with those defined contribution firms. Here are the five fastest providers: Evidently they have the sort of clear processes in place for dealing with such requests quickly. And for the defined benefit schemes, where things can get a little more complicated, here are the fastest providers according to Portafina. The Railways Pension Sche...
The difference between the relative speedsters in the tables above and the slowest providers is pretty stark. If your pension is provided by one of these firms then you’ll be left waiting for a while for even the most basic of information about your pot. First, we’ll start with the defined contribution firms again. For example, Equitable Life Assur...
Portafina hasn’t just flagged up the slowest performers, it’s also outlined some of the issues with their processes that cause these massive delays. Equitable Life, for example, requires savers to call the scheme in order to provide additional information, but as it won’t tell the adviser what that information is, the client cannot prepare and ensu...
It’s worth noting that some of those named and shamed as dawdlers have hit back at the findings. Speaking to the Money Marketing trade title, a spokesperson for South Tyneside Council ‒ speaking on behalf of the Tyne and Wear Pension Fund ‒ emphasised that, while it wants to deal with transfer requests promptly, its main priority is protecting memb...
Dec 15, 2023 · Sharp-eyed pensioners were concerned when they spotted that Reuters Pension Fund assets had dropped by more than a billion pounds between 2021 and 2022. The latest accounts show a 39% drop in assets from 2.8 billion pounds to 1.7 billion.
PRINCIPLES. To provide a forum for members and pensioners of Reuters Pension Fund (RPF) and the Supplementary Pension Scheme (SPS) for the exchange of views and opinions on the development and management of RPF and SPS. To keep under review the management of both Funds by the Trustees.
Jan 23, 2024 · Six of Canada's biggest pension funds managing C$1.3 trillion ($965.47 billion) in assets have begun a major expansion into private credit, moving into an area previously dominated by banks.
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Dec 15, 2023 · Sharp-eyed pensioners were concerned when they spotted that Reuters Pension Fund assets had dropped by more than a billion pounds between 2021 and 2022. The latest accounts show a 39% drop in assets from 2.8 billion pounds to 1.7 billion.
