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Billions in freedoms cash moved to bank accounts and Isas

Savers have cashed in billions from their pensions since the freedoms, but new research suggests many risk tax penalties or low rates by keeping the money in bank accounts or Isas. A study of 370 consumers who have accessed their pension since the pension freedoms started in 2015 shows that while nearly £3bn has been […]

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Virgin Money bought in £1.7bn deal

The parent of Yorkshire Bank and Clydesdale Bank has agreed to buy Virgin Money for £1.7bn. The businesses say the deal will create the UK’s first “true national banking competitor to the status quo”. The new group will serve around six million customers. A notice to investors from CYBG says: “The combined group will have […]

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