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FCA fines Financial Planner over pension transfer advice
Warrington-based LJ Financial Planning has been fined £107,200 by the Financial Conduct Authority (FCA) for providing its customers with unsuitable pension switching and transfer advice and failing to manage its conflicts of interest.
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Calls for early state pension access for those hit by pandemic
The Pensions Policy Institute (PPI) and Age UK have called on the government to provide early access to the state pension for those within three years of their state pension age who are unlikely to be able to work again due to caring responsibilities, a disability, or long-term joblessness caused by the Coronavirus pandemic.
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Just 14% of savers familiar with SIPPs
Industry jargon deters nearly 55% of people from investing, according to a new survey.
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'Red Flag' warnings on record 64% of pension transfers
The XPS Pensions’ Transfer Watch monitoring service has flagged up 64% of recent pension transfers as showing signs of a potential scam, a record number.
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