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Just Retirement and Partnership warn over further job cuts

More jobs could go following the merger of annuity providers Just Retirement and Partnership, documents published today reveal. The two firms, who both suffered heavy share price falls on the back of the pension freedoms, are due to complete their proposed merger by the end of April. In November, the insurers estimated around 5 per […]

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Govt scraps 45% tax on dependants drawdown

A rule that forced dependants to take inherited pension funds as a lump sum at 23 has been scrapped by the Government. The Budget documents reveal technical changes that mean dependants’ flexi-access drawdown accounts get converted into nominees’ accounts. As a result they will no longer have to take any remaining funds as a lump […]

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Leader: MAS has finally been read its last rites – so what next?

After years of criticism, and almost £400m of advisers’ and other levy payers’ money, the death knell for the Money Advice Service has finally sounded. Money Marketing has long been a challenger of MAS in a bid to drive accountability about how it spends the phenomenal sums of money it receives courtesy of the financial […]

Is Workie working? TPR figures cast doubt on £44m auto-enrol comms campaign

Experts have questioned the effectiveness of the Government’s £44m auto-enrolment ‘Workie’ communications campaign after figures from The Pensions Regulator revealed less than a quarter of employers have been encouraged to act by the adverts. The Workie campaign was unveiled by the Department for Work and Pensions in October. Although the DWP initially said it would […]

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Government changes to auto enrolment

Jamie Clark – Business Development Manager Proposals to change the way auto enrolment works have been published by the Department for Work and Pensions. A review group looked at auto enrolment to examine whether it’s working properly and whether it could be adjusted to get more low earners saving more into pensions. We look at […]

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