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ABI’s Yvonne Braun on advice requirements and ‘excessive’ exit fees

Following mounting pressure on pension providers over “blocking” access to pension freedoms, the Association of British Insurers has hit back.

The trade body proposes scrapping the advice requirement for transfers out of schemes with embedded guarantee annuity rates, despite concerns this puts savers at risk of losing valuable benefits.

ABI director of long-term savings policy Yvonne Braun speaks to Money Marketing pensions reporter Sam Brodbeck on the rationale behind the proposals as well what else needs to be done to ensure the freedoms are a success.

She also discusses the Government’s crackdown on exit charges.


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Accounting giant faces investigation over BNY Mellon FCA breach

The Financial Reporting Council has launched an investigation into KPMG in relation to its role in the recent BNY Mellon client compliance failures. The British accounting watchdog will look into the conduct of KPMG auditors in relation to BNY Mellon’s London branch and its compliance with the FCA’s client assets rules in the years between December […]

Aberdeen’s Harries cuts US equity exposure

Aberdeen multi-manager Mark Harries has cut his exposure to US equities over concerns that the prolonged market rally is starting to look a bit tired. Harries, who runs Aberdeen’s flagship fund-of-funds vehicle – the Multi-Manager Cautious Managed portfolio – asserts that given the run shares have enjoyed since the nadir of the financial crisis, one of the […]


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