Brexit Watch – July, 2016

Brexit Watch brings together views and latest insights from our actuarial, investment and workplace savings and benefits businesses across the Punter Southall Group. Future editions will be published as further details emerge and negotiations develop. For the full round-up, click here.

Jacqui Woodward

BHS: after all the shouting, what now?

Latest blog posting from Punter Southall Transaction Services’ Jacqui Woodward:

“The Pensions Regulator has to find a solution within the existing regulatory framework and any agreed solution will be heavily scrutinised.  By passing the buck to the Pensions Regulator and setting such a high target, without providing for any changes in the existing regulatory regime, the Committees have presented the Pensions Regulator with its biggest challenge to date.”

For the full blog, click here.

 

 

Does your scheme have a fraud prevention strategy?

According to the Credit Industry Fraud Avoidance System, 276,993 frauds were reported in the UK in 2014, a 25 per cent increase on 2013. This equates to 759 frauds every day – 32 per hour. More worryingly, as so many frauds go unreported or simply undetected, it’s likely these figures are just the tip of the iceberg.

However, for the pensions industry, there’s one particular aspect of fraud it needs
to concern itself with, and that’s facility takeover fraud, which increased by 110%
between 2013 and 2014.

For the full story, as it appeared in Professional Pensions magazine, click here.