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Pension transfer scam crackdown risks delaying thousands of transfers The ‘safe destination’ list could lead customers astray as it implies the DWP will ensure each scheme on the list is legitimate. (Getty) The government tabled proposals to tackle pension scheme fraud today, but it could risk blocking or delaying thousands of legitimate transfers, AJ Bell’s chief executive has warned. The plans outlined by the Department for Work and Pensions (DWP) could push providers to ask people transferring to a pension scheme not on the government-approved ‘safe destination’ ...

Share: WATERLOO, ON, May 6, 2021 /CNW/ - Equitable Life of Canada is proud to announce that it is honouring the retirement of its President and CEO, Ron Beettam, with the creation of an endowment at Wilfrid Laurier University. The endowment will encourage and support students in the Lazaridis School of Business & Economics. The endowment will encourage and support students in the Lazaridis School of Business & Economics. "At Equitable Life of Canada, we believe in giving back to the communities where we live and work," said Doug Alexander, Chair of the Board of Directors for Equitable Life ...

Irish America Magazine

Brazen double standards. That was the verdict last week of many Woodford Equity Income fund investors who contacted me in response to the Government's announcement of the compensation it will pay savers who lost money as a result of the failure of mini-bond provider London Capital & Finance.  On the one hand, they expressed delight that the Government will pay these bondholders £120million in compensation as a result of the City regulator's abject failure to protect their financial interests. The compensation will result in some 10,000 investors receiving 80 per cent of the value of their o...

Fury as Treasury destroys Equitable Life compensation records Some 15 policyholders die every day without receiving full compensation 22 April 2021 • 1:32pm Victims of the Equitable Life scandal have seen their chances of justice collapse after HM Treasury admitted it has destroyed all records relating to compensation claims. Policyholders and MPs have been campaigning for the Treasury to provide more compensation to victims. However, officials today told the Public Accounts Committee of MPs it had wiped records, despite promising not to do so. Hundreds of thousands of campaigners who have...