
Publication
Scams in superannuation: Integrating operational and strategic resilience
Scammers are increasingly using advanced tools to target superannuation assets, endangering members' retirement savings.
United Kingdom | Publication | December 2021
The Financial Conduct Authority (FCA) has published final rules for a "stronger nudge" towards Pension Wise guidance. These will come into force from June 1, 2022 and will mean that providers of contract-based DC schemes (personal and stakeholder pensions) must ensure that members have taken or opted out of Pension Wise guidance before they flexibly access or transfer their DC benefits.
The DWP is due to finalise its own “stronger nudge” rules for occupational pension schemes which are expected to come into force from April next year. Although it has worked closely with the FCA on this, confusingly for members there are small differences between the two stronger nudge regimes. In particular, a member of an occupational pension scheme who has already taken advice will not need to seek Pension Wise guidance before transferring whereas they will need to do this before accessing any personal pensions they may have.
Trustees and personal pension providers may find they receive enquiries from members with both types of pension as a result of these discrepancies.
Publication
Scammers are increasingly using advanced tools to target superannuation assets, endangering members' retirement savings.
Publication
Since the early 20th century, Australian courts have emphasised the obligation for the Commonwealth to act as a ‘model litigant’ in court proceedings.
Publication
The destruction of the 46,000-year-old Juukan Gorge rock shelters in 2020 was a wakeup call for project proponents on the importance of successfully managing Aboriginal and Torres Strait Islander cultural heritage risks.
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