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4% of DB pension schemes remain open to new members
One in 20 (4%) defined benefit (DB) pension schemes remained open to new members in 2023, new data published today by The Pensions Regulator (TPR) shows.
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Pension savers 'risk losing thousands' in charges
Pension savers could be left more than £70,000 poorer in retirement due to overlooking charges when transferring their funds, provider People’s Partnership has warned.
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Father and son 'SIPP introducers' made bankrupt
The FCA has secured a bankruptcy order against father and son directors of a collapsed SIPP introducer who failed to pay back £10.7m in restitution to clients.
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Annuity market 'buoyant', says Hargreaves
The annuity market is buoyant as the Bank of England’s rate pause has encourage people to take the plunge, according to Hargreaves Lansdown.
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Failed SIPP provider Rowanmoor declared in default
The FSCS has declared nine financial services firms - including failed SIPP provider Rowanmoor - in default during December and January, including several financial advisers.
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