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Citizens Advice ramps up efforts to prevent leaks

A Citizens Advice bureau has increased efforts to prevent a raft of leaks that have revealed the inner workings of one of the organisations running the Government’s Pension Wise service. The declaration, sent to both emp­loyees and volunteers at Diss, Thetford and District Citizens Advice in Norfolk and seen by Money Marketing, blocks disclosure of […]

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Altmann confirms pension exit fee cap on occupational schemes

Pensions minister Ros Altmann has confirmed the Government will impose a cap on exit penalties levied on members of trust-based schemes. Yesterday the Treasury announced it will giving the FCA a duty to set a cap on “excessive” charges where customers leave pension products early. However, until now it has not been clear whether the […]

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The unanswered questions facing secondary annuity market

It is no longer a question of “if” we will get a secondary annuity market, or even “when”. At the end of 2015, the Government confirmed plans to extend the pension freedom rules to those who have already retired would be delayed for a year. This means from April 2017 existing annuity holders should be […]

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Aegon cuts sales jobs in platform push

Aegon is to cut its salesforce from around 100 roles to 70 as part of a shift towards its platform business, Money Marketing understands. Sales staff were called into a meeting yesterday where it is understood the insurer announced around 30 roles would be lost as a result of moving resources away from its legacy […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]

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