August 2024

México. Lo detienen por defraudar con más de 4 mdp a sus víctimas con supuestos ahorros para el retiro

La Fiscalía General del Estado capturó a Gerardo R.N. por el delito de fraude y abuso de confianza, luego de que presuntamente engañará a varias victimas con supuestos ahorros para el retiro por un monto de 4 millones 300 mil pesos. A través de su Unidad de Investigación de Delitos Patrimoniales, se formuló cargos en su contra por los delitos de fraude y abuso de confianza, pues las autoridades aseguran que el imputado empleó engaños sofisticados para desapoderar a varias víctimas de sus ahorros,...

Nigeria. Delta Pensions Board Raises Alarm Over Scammers Targeting Pensioners, Issues Warning Against Fraudulent Payment Demands

In an interview with SaharaReporters on Thursday, Ogidi-Gbegbaje revealed that numerous pensioners have reported receiving suspicious calls from individuals claiming to facilitate quick payment of their gratuities and benefits in exchange for money. Sir Edwin Ogidi-Gbegbaje, Chairman of the Delta State Bureau for Pensions, has raised concerns about a fraudulent scheme targeting pensioners in the state. In an interview with SaharaReporters on Thursday, Ogidi-Gbegbaje revealed that numerous pensioners have reported receiving suspicious calls from individuals claiming to facilitate quick payment of...

UK. Pension organisations call on Treasury to expedite regulation of investment consultants

ShareAction has written to the Treasury urging it to expedite plans to regulate all activities of investment consultants. The charity was joined in its call by several pension organisations, including the Association of Member-Nominated Trustees, Pensions for Purpose, and Make My Money Matter. ShareAction noted that, at various times over the past 10 years, the Financial Conduct Authority (FCA), Competition and Markets Authority (CMA), and parliamentary committees have called for investment consultants to be brought within the FCA’s regulatory framework. It urged...

México. Condusef alerta a clientes de Profuturo y otras instituciones financieras por fraudes; así operan los estafadores

La Comisión Nacional para la Protección y Defensa de los Usuarios de los Servicios Financieros (Condusef) emitió una alerta sobre las instituciones financieras, debidamente constituidas como Profuturo Afore, que han sido suplantadas por entidades que pretenden defraudar a sus clientes. La Condusef advirtió que los suplantadores utilizan la razón o denominación social de financieras debidamente constituidas e inscritas en el SIPRES, por personas físicas o empresas que buscan engañar a quienes requieren de servicios financieros, utilizando indebidamente su nombre, logo...

June 2024

Ghana. SSNIT drags railways MD to court for nonpayment of contributions

The Social Security and National Insurance Trust (SSNIT) office in Takoradi has dragged the Ghana Railways Corporation (GRC) and its Managing Director, Michael Adjei Anyetei, to court for nonpayment of social security contributions of the entity’s workers to the tune of GH¢4.13 million. The Circuit Court presided over by Araba Nunoo, issued the warrant for the arrest of the managing director after the SSNIT Prosecutor, Ann-Marie Annan, applied for a bench warrant to that effect. The prosecutor told the court that...

South Africa. Government pension fund systems offline for months after ransomware attack

The Government Employees Pension Fund (GEPF) suffered a cyberattack in February 2024, and it only expects to restore its self-service functionality by 21 June 2024. A notice published on the GEPF’s social media pages says the self-service functionality on its web platform and app was still offline due to the data breach at the Government Pensions Administration Agency (GPAA). “The GPAA has determined that a total rebuild of the platforms is necessary to ensure a stronger platform,” it said. It is expected...

Argentina. Detectan miles de pensiones por invalidez que “no reunían los requisitos para ser otorgadas”

La administración de Javier Milei comenzó a auditar las pensiones no contributivas por invalidez, que, según cifras oficiales, reciben 1.215.548 personas. Un análisis de la Agencia Nacional por Discapacidad arrojó que sobre una muestra de 3000, el 80% no debería haber sido otorgada. Por este motivo, representantes del Ejecutivo contemplan judicializar este asunto, a la vez de endurecer el acceso a este beneficio. El jefe de Gabinete, Guillermo Francos, valoró esta situación como una “irresponsabilidad”. La pensión no contributiva por invalidez es una asignación...

April 2024

UK. DWP declares 34,500 claimants have to pay back benefits or face fines up to £20,000

The Department for Work and Pensions (DWP) is facing a storm of criticism as it has ordered 34,500 people to repay benefits, with fines reaching up to £20,000. This comes amid calls for the DWP to review its handling of Carer's Allowance after it was revealed that thousands of carers are being overpaid and later hit with hefty repayment demands. In a dramatic turn of events, a UK government dementia adviser has stepped down in protest against the DWP's "beyond the pale" legal...

November 2023

UK pension regulator outlines challenges and plans for scheme transformation

Louise Davey from The Pensions Regulator (TPR) addressed the complex issue of pension decumulation during an ABI webinar Today. She outlined TPR's strategy to transform UK pension schemes into full-service providers that support savers from the accumulation phase through to retirement. Davey highlighted the limitations of current trust-based pension schemes and underscored TPR's support for the Department for Work and Pensions (DWP) proposal to mandate these schemes to offer decumulation products and services. She emphasized the evolution of the UK...

October 2023

International Organisation of Pension Supervisors (IOPS) annual meeting on at Victoria Falls

FINANCE, Economic Development and Investment Promotion Minister, Prof Mthuli Ncube has officially opened the International Organisation of Pension Supervisors (IOPS) annual meeting where he called for development of the pensions and financial sector in the region in line with international protocols. The meeting is being attended by pension supervisors from around the world and started on Tuesday with the IOPS committee closed door meetings and will end tomorrow. Among the delegates attending the meetings are representatives of pension supervisory authorities from...