Abrdn confirms 500 redundancies in cost-cutting ‘transformation plan’ amid £12.4bn outflows
£150m of costs will be cut across the business over two years
Interactive Investor
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67% of women aged 41-55 believe they will never retire
As 41% of Brits say finances are impacting their mental wellbeing
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State pension set to rise by 8.5% in April
‘Government has a difficult balancing act ahead’ with the triple lock
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State pension triple lock could cost £9bn next year
As well as the state pension bill being £2bn higher than the current DWP forecast next year
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UK government launches consultation on banning scam calls
Victims lost £750m in 2022-23 financial year to fraudulent investment schemes
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Brits not completely opposed to inheritance tax
As 75% say some inheritances should be taxed
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FCA cracks down on ‘wild west’ of crypto advertising
But concerns remain over the regulator classifying the asset as a Restricted Mass Market Investment
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PEOPLE MOVES: Aiva, Ocorian, Interactive Investor
South American advice group names CEO, as financial services provider hires Apac business development director
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Pension freedoms reform proposals ‘deeply controversial’
Capping the 25% tax-free lump sum could disincentivise people from saving into a pot
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Will Sunak’s compulsory maths plan improve UK financial education?
Government should introduce more practical topics like pensions into the curriculum
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Tax pensions on death, UK government told
DC schemes front and centre but scant mention of defined benefit pots
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‘Watershed moment’ as FCA eyes simplified advice regime
In a bid to provide mass market consumers with greater access to services