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MP demands secondary annuity market U-turn

Plans to allow annuity holders to sell their policies on a secondary market should be revived, according to Liberal Democrat MP Stephen Lloyd. The government rolled back its proposed second-hand market plans in October 2016 over fears a competitive market could not be created if the required consumer protections were put in place. An estimated […]

Death benefits: our top 5 frequently asked questions

By Fiona Hanrahan – Senior Product Insight and Technical Support Analyst, Royal London We’re often asked about death benefits and thought we’d share our top five most frequently asked questions. 1. Who pays the lifetime allowance charge when an individual dies? If the individual dies with uncrystallised benefits, these are tested against their remaining lifetime allowance. […]

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What do advisers charge for pension consolidation?

Advisers charge an average of close to £3,000 for advice on pension consolidation, research has found. A survey of just over 100 advisers conducted by consumer champion Which? in May this year found that, on average, financial advisers are charging £2,879 to roll multiple pensions worth up to £150,000 into a single self-invested personal pension. […]

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