Social care crisis presents an opportunity for industry
National Insurance increase burden will fall on the young but benefit the old
Retirement
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UK retirees lack emergency savings
Over 20% think they have enough funds for rainy days, but they actually fall short
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‘Large tax bills’ to hit savers without LTA protection
So far, over 300,000 people have applied to HMRC to safeguard against changes
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South Africa shelves social security reforms
Proposals ‘were not well understood and misrepresented’ and more clarification is needed
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Beware the allure of large pension increase exchanges
A bigger slice of the PIE may not necessarily be in a client’s best interests
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FCA review of DB redress guidance is a ‘sensible measure’
Firms should ‘assess complaints about unsuitable advice fairly, consistently and promptly’
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What are the benefits of an international savings/pension plan?
Portability, wider fund ranges, currency options and tax all play a role in attracting expats
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Wealthtech provider unveils digital Sipp
To make it more accessible to fintech firms and their clients
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UK clients can still afford to retire to Europe
Majority should be able to meet minimum income requirements and obtain residency permits
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How to take advantage of DB scheme flexibilities
Without sacrificing security by transferring out
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Introducer firm fined £50,000 for pensions cold-calling
It made nearly 97,000 calls despite the practice being made illegal in 2019
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South Africa eyes national social security fund
All employers and employees will be obliged to ‘initially contribute 8-12% of qualifying earnings’