Contingent charging should be banned, says ex-FCA director
Mick McAteer believes there is ‘prima facie evidence for harm’ and the regulator was too slow to act
Retirement
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DB transfers 10 years from retirement pay 57% of scheme value
Calculation based on new FCA transfer value comparator methodology
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UK taxman falls woefully short of 25% Qrops charge target
HM Revenue & Customs had expected to net £65m in 2017/18
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Ethical funds could defuse pensions ‘time bomb’
Gender pension gap is 40% for some generations
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UK regulator shelves contingent charging ban for DB pensions
Industry split as contingent charging likened to commission
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New pension transfer analysis still has ‘weaknesses’
Financial planning firm director queries why annuities are still used as a comparator
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Retiree not entitled to pension based on wrong annuity quotes
Ombudsman rules in favour of Phoenix Life despite litany of errors in fund and annuity projections
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6 key points about pensions tax relief
How the UK Government is encouraging people to save for their retirement
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Lifetime allowance rise could save pensioners £15,000
More wiggle room for pension savers whose pots risk breaching the current limit
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Financial advisers still have much to prove
Value for money and trust listed as key concerns by potential clients
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Int’l pension transfer unit to cut ties with overseas IFAs
Offshore advisers to be dealt with on an introducer-only basis
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UK pension transfers drop 23%
Almost £80bn transferred since the launch of the pension freedoms in April 2015