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Watchdog ‘disappointed’ over L&G failure to cap exit charges

Legal & General’s independent governance committee has hit out at the insurer’s slow progress in addressing consumer detriment. While non-automatic enrolment schemes will have charges capped at 1 per cent, no agreement was reached on exit fees. In the hardest hitting report yet produced, the IGC said it was “disappointed at the time it has […]

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Nic Cicutti: My fury at industry over closed-book pensions rip-off

If you were to ask regular readers of Money Marketing to describe the underlying tone of this column in a single word, my best guess is the term most would use is “rant”. “Rant” is defined in dictionaries as “to speak or shout at length in an angry, impassioned way”. So I can kind of […]

Danby Bloch

Danby Bloch: Lifetime Isa or pension?

Should a client under the age of 40 invest in a pension or a Lifetime Isa? This is a new issue thousands of advisers will be considering. From April next year, any adult under 40 will be able to open a Lifetime Isa. Investors can save up to £4,000 each year and will receive a […]

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Senior Tory warns Osborne against Autumn Statement pension tax relief reform

A newly-appointed Government whip has warned Chancellor George Osborne against returning to controversial pension tax relief reforms in the Autumn Statement. Conservative MP Guto Bebb was appointed a whip this weekend in changes following the resignation of Work and Pensions secretary Iain Duncan Smith. Speaking to Money Marketing before the appointment, Bebb said he was […]

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