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Four banned by FCA over 'unnecessary' £4m commission

Three men have been banned from working in the financial services industry for "disgraceful failings" after £4m in commission was generated from moving investments unnecessarily.
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3m missing out on auto enrolment

More than 2m workers have begun saving into a workplace pensions scheme as a result of automatic enrolment but 3m are missing out on auto enrolment for a variety of reasons.
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Advisers will be forced to review admin, says Talbot & Muir

Advisers will be forced to re-evaluate their choice of administrator following Capita's exit from Sipp and SSAS administration, Talbot & Muir says.
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GAD rate increase to 3.25% from January "useful"

The GAD rate for January 2014 has been announced as 3.25% - up from 3% - a move which will help people using income drawdown, says LV=.
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State pension age to reach 70 in 50 years

The State Pension Pension age will reach 70 by 2063 but will rise more slowly than the Government's Autumn Statement last week suggested, according to analysis by Towers Watson.
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  1. Retirement warning for spouses keeping secret money stashes
  2. HL unveils 5 point action plan for retirement market
  3. More Sipp exits could follow Capita, warns Xafinity
  4. Annuities: time for "urgent" regulatory change says Panel

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