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FOS pension freedom complaints on the rise

The number of customers approaching the Financial Ombudsman Service with complaints over pension freedoms is rising, Money Marketing can reveal. A Freedom of Information request submitted by Money Marketing shows between July 2015 and February 2016 there were 848 new enquiries to the FOS relating to the freedoms. These include complaints where customers claim they […]

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Chris Hannant: Time to ban claims firms from financial services

The Government is finally cottoning on to what the rest of us have known for some time: claims firms provide no useful purpose other than helping themselves. The Ministry of Justice has just published proposals that will tighten up the rules under which they operate. But while this is very welcome, it does not go […]

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Jupiter assets hit £36bn as it readies fund launches

Jupiter Asset Management has reached £35.7bn in assets under management after seeing £2.1bn in net mutual fund inflows in 2015. The asset manager’s results for 2015, released today, show assets rose from £31.9bn at the end of 2014. The firm saw net inflows of £2.1bn to its mutual funds, up from £1.4bn in 2014. The […]

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Osborne’s nightmare: Plummeting stocks leave non-advised pension investors exposed

Months of plummeting stockmarkets are throwing Chancellor George Osborne’s pension experiment into doubt as thousands of customers acting without advice see the value of their savings decimated. April 2015 saw the launch of the pension freedoms and also marked the FTSE 100’s highest-ever value at just over 7,000 points. But in a “doomsday scenario” for […]

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