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How can you protect your clients from pension scams?

Pension scams have been around for some time, but the new pension freedoms that came into force on 6 April potentially make the over-55s a soft target. So if your clients fall into this category, it’ll pay to help them stay alert.

Some investments may seem exciting and unusual, often offering high guaranteed returns, but if it seems too good to be true then it probably is. Often, these are unregulated investments sold by unregulated advisers and if things go wrong your clients won’t be protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme.

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Claire Trott: The complex reality for pension savers

So we have a new pensions minister in Ros Altmann. I hope she will listen and learn from all the experience she has is in the pensions profession and not try and go it alone making promises she has not considered the implications of. Although she has plenty of experience we need to encourage saving […]

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Ex-UBS trader appears in first Libor-fixing trial

The first person to be tried for the Libor-riggng scandal will appear in court today. Former UBS and Citi trader Thomas Hayes will appear in Southwark Crown Court today, the first such trial in the widespread rigging scandal. The court appearance comes three years after the Serious Fraud Office started its investigation into the wrongdoings. Hayes […]

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Govt to press ahead with Right to Buy extension

The Government will announce a housing bill in tomorrow’s Queen’s Speech in which it will press ahead with its plans to extend the Right to Buy scheme to 1.3 million housing association tenants. Presently, only council tenants are offered the chance to purchase their home at a discount – £77,900 outside London and £103,900 in […]

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PFS calls for review of non-regulated activity

The Personal Finance Society is calling for a review of regulated and non-regulated activity to level the playing field between the two. PFS chief executive Keith Richards says “all activity should come under the same umbrella” to ensure consistency of standards and consumer protection. He says: “Consumers logically assume that all financial and investment activity […]

Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]

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