Five million Brits at risk of succumbing to a pension scam
Research shows a ‘worryingly large number of people’ could fall victim to common fraudster tactics
Retirement
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UK adults underwhelmed by their inheritance
SunLife found average sum passed down was just under £75,000
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£4bn obtained via equity release over last 12 months
It has become a ‘mainstay of financial planning for older people and it’s not going anywhere’
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Rich Americans keep quiet after deciding who inherits what
Just 22% will openly share details of their estate with entire family
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Zurich and Equiom to run DIFC savings scheme
Defined contribution plan is set to launch from January 2020
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Concerns over number of dedicated FCA pension scam staff
Select committee questions whether it has ‘sufficient resource’ to combat fraud
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Qrops transfers up but pot sizes down
While pension freedom withdrawals pass £28bn mark
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IFAs bemoan ‘insufficient’ focus on decumulation
Some 86% expect growth in the number of clients needing advice on this over the next five years
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L&G rolls out equity release workshops for IFAs
They are aimed at financial advisers newly qualified in the field
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Independent women embrace financial freedom
It is becoming a bigger and bigger trend for spouses and partners to keep their finances separate
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DB pension transfers hit £34bn in 2018/2019
More than half of the £60bn transferred out since pension freedoms were introduced in 2015
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Standard Life Assurance fined more than £30m
Call handlers incentivised with significant bonuses and rewards for meeting/exceeding sales targets