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Aegon fails to reduce charges after passive switch

Aegon is continuing to charge clients the same level of fees despite switching them from an active to a passive fund. In a letter sent to an adviser and seen by Money Marketing, Aegon says following a review from 25 October its North American fund is switching from being actively managed by Kames Capital to […]

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FCA ‘concerned’ savers giving up guaranteed income

The FCA is probing pension firms on their communications around guaranteed income benefits, based on concerns consumers do not fully understand the benefits they are giving up. In its latest regulatory update, the FCA says it will review how adequate pension firms’ customer communications are in non-advised sales as well as looking into what oversight […]

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