Over 90% of pension transfer requests flagged as scams – again
As transfer values fall below £200,000 for the first time since 2016 making the return of annuities more appealing
Retirement
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South Africa perplexed by ZAR 90bn of unclaimed assets
Most of which sits in retirement funds in part because of inadequate record keeping by intermediaries
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UK government names pensions minister
A day after Guy Opperman confirmed he was leaving the post
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AMP subsidiaries fined A$14.5m over fees for no service
Over 1,400 clients were charged for financial advice they didn’t receive
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Advice firm with links to Portugal fails
UK lifeboat scheme has received 25 claims against the company
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Aegon shelves plan to sell off Asia insurance business
Firm was reportedly seeking to raise at least $700m
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Succession sets aside £10.4m for potential legacy DB liabilities
It is working closely with the FCA about pension transfer advice given by an acquired business
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Triple lock earnings component set at 5.5%
As industry awaits the September CPI figures to confirm next year’s state pension increase
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Spanish retirement tops wishlist for wantaway Brits
Cost-of-living crisis has made over-50s more likely to spend their later years abroad
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Liz Truss wins race to succeed Boris Johnson as UK prime minister
There will be ‘no honeymoon period’ for the newly appointed PM
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How will change in UK prime minister impact tax and pensions?
Triple lock and unfreezing thresholds could be on the agenda for Boris Johnson’s successor
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Sipp operator enters administration in UK
FSCS is investigating if there are any claims that meet the ‘qualifying conditions for compensation’