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Three financial advisers who pocketed almost £6m in ‘marketing fees’ relating to an SIPP which included inappropriate high-risk bonds, have been penalised almost £4m by the FCA and prohibited from any regulated activity.

The number of teachers opting out of the Teachers’ Pension Scheme has climbed 14% to 13,112 during the past 12 months, data collected by the Department for Education has revealed.

Average transfer times for DC pensions fell by 14.2 in the 18 months to the end of June 2024, according to new figures published by fintech Origo.

The High Court has approved a plan to return money and customer assets to clients of failed Newcastle-based wealth manager WealthTek which has a SIPP arm.

An industry-wide awareness week on pensions dashboards will return in September and will feature a range of online events designed to encourage knowledge sharing, insight, and best practice as companies prepare for the dashboards connections starting in eight months.

Pension schemes are in favour of the Labour government introducing tax incentives to increase pension investment in UK growth, according to a new survey.

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