Govt toughens master trust regulations in new Pensions Bill

Master trusts will have to prove they are financially sustainable under tougher new rules published by the government today. The Pension Schemes Bill also confirms The Pensions Regulator will be given new powers to intervene where a master trust –  a multi-employer scheme designed for auto-enrolment – is at risk of failing. The Bill sets out […]

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FCA abandons seven investigations due to ‘lack of evidence’

The FCA has abandoned seven investigations into individuals since 1 January 2015 because of a lack of evidence, Money Marketing can reveal. Money Marketing filed a Freedom of Information request after it was revealed in August the regulator ceased its investigation into Lloyds Banking Group head of gilts trading Tony Gray because there was no […]

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Pension freedom withdrawals continue slowdown

The value of pension freedom withdrawals is slowing down, according to the latest data from HM Revenue and Customs. Savers withdrew £1.5bn from their pots in the third quarter of 2016, compared to £1.8bn in the second quarter. Though the number of individual payments out increased from 296,000 to 324,000, fewer people accessed their pots; […]

A modern horror story

Every day a quick scan of the news reveals some new horror that will change the lives of those involved forever – the unlucky accident on the way to work, a tragic illness that cuts a young life short or the holiday accident that leaves more than just a scar to cope with. We barely […]


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