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Second cold-call ban consultation released

The Treasury has today published a “technical consultation” relating to the ban on pensions cold-calling, following criticism for missing its June deadline. The Treasury confirmed last month the implementation of the ban would be delayed due to “technicalities”. At that time, a Treasury spokesman said: “Following debates in parliament, and having considered evidence from the industry, […]

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CDC schemes risk irreversible ‘intergenerational injustice’

Collective defined contribution pension schemes risk creating intergenerational injustice and undermining pension freedoms, warns the Centre for Policy Studies. In a report published today, CPS research fellow Michael Johnson says the evidence on countries that have such schemes, including the Netherlands, Canada, and Germany, is mixed. CDC pensions – which are not yet available in […]

Lloyds faces up to HBOS whistleblower case again

After allegedly silencing a whistleblower who wrote an internal report criticising Lloyds Banking Group’s handling of fraud, Lloyds Banking Group has agreed to reopen the case, The Financial Times reports. Using her insight from working as an employee in the bank’s high-risk division, Sally Masterton claimed that some of HBOS’ executives from the Reading branch […]

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