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Displaying items by tag: pensions

A portfolio of 140 Sipp and SSAS schemes with total funds under trusteeship of £83m has been sold for just £1.
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Plans to introduce additional protection to pension holders ahead of the reforms kicking in in April have been outlined today by the FCA in a letter to chief executives of providers.
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Financial advisers and intermediaries could see a surge in demand for help with auto enrolment in the next year, as research found three quarters of small and micro employers looking for support.
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Friday, 23 January 2015 10:30

Annuity rates take a plunge since last summer

Annuity rates have plunged since the summer, a study has shown.
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A former international cricket captain will manage Sipp investment portfolios as part of his new role at a Financial Planning firm.
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The new pensions service will "fall significantly short of the promise of face to face guidance for all" due to the lack of centres providing it, an expert has warned.
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Complaints and compensation claims about advice relating to Sipps will continue to rise, with an extra 500 cases predicted for the next financial year, the FSCS warned today.
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Growing numbers of complaints about Sipps have been blamed for a jump in the levy advisers will have to pay next year.
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A ruling from the Pensions Ombudsman regarding a Sipp could make it harder for providers to stop customers from transferring to possible scam schemes, an expert believes.
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Retirees will be taking out retirement funds via 'pension bank accounts' by 2020, experts have predicted.
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