Three things we learned this week

Aegon pays out £20k after pension transfer delay Provider Aegon has paid almost £20,000 compensation to a customer after a delay in administering his pension led to him missing an investment opportunity. The Pensions Ombudsman ruled that Aegon delayed the payment of complainant J A Thomas' funds from its own SIPP into an IPS Partnership vehicle. Thomas had planned to invest £500,000 of his fund in a National Savings and Investments (NS&I) bond with a fixed interest rate of 4.25% per year compound. To read more, CLICK HERE Govt and pension schemes to meet over £20bn investment ...