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Bank of England base rate up 50bps to 4%
The Bank of England has increased its base rate by 50 basis points from 3.5% to 4% - its highest rate since October 2008.
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Advised platforms hit by worst quarter for 6 years
The advised platform market has experienced its worst quarter for net flows since 2016 with just £4.3bn added in Q4 2022 - down £5.4bn on a year earlier.
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Private pensions shake-up on the way
Pensions Minister Laura Trott has announced a shake-up of private pensions to create “fairer, more predictable, and better-run pensions.”
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Pension schemes face dashboard woes
Only 1 in 20 pension schemes will be able to provide dashboard data for all of their members, according to a new survey.
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Auto-enrolment thresholds frozen for 2023/24
The government has confirmed that, after its latest review, auto-enrolment thresholds will be held at their current levels for the next year.
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