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As auto-enrolment reaches its third anniversary, NEST has reported that there are now over 5 million workers enrolled and up to a further 5 million workers set to be enrolled.
The FCA is to review its pension rules post the pension reforms to address the, “risks and challenges faced by consumers in the new retirement market.”
The Chartered Institute for Securities & Investment (CISI) and the Institute of Financial Planning have signed and exchanged contracts confirming that the merger of the two institutes will go ahead as planned.
The pension reforms and the rise in life expectancy are fuelling demand for financial advice during retirement, according to research among financial advisers.
Now nominations are nothing new, members have been able to nominate dependants to receive pension death benefits and beneficiaries to receive a lump sum.
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