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Pensions minister: ESG rules will help demystify pensions for younger savers

Auto-enrolment has transformed saving and new regulations will help the pensions industry keep up. In 2012, pensions saving ebbed to a new low. Just 42 per cent of eligible private sector workers were participating in a workplace pension. Just six years on, that figure has soared to 81 per cent. The impact of auto-enrolment has […]

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Thousands duped out of pension savings by rogue advisers

Rogue advisers have caused savers to lose hundreds of thousands of pounds after being abandoned to a “Wild West” of pension rules, according to a Sunday Times report. Its report shows how some advisers have exploited the outdated laws and loopholes to lure unassuming investors into high-risk products, leaving them unprotected when dodgy bets have gone […]

new financial adviser exam
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LIBF plans additional adviser re-evaluation exam

The London Institute of Banking and Finance has laid out plans to develop a tool “similar” to the Chartered Insurance Institute’s Level 4 adviser re-revaluation exam announced last week. In communication to its members seen by Money Marketing, LIBF says the plans come in response to an open call from the FCA to professional bodies […]

Fidelity launches two more zero expense ratio funds

Fidelity Investments is due to launch two more mutual funds with a zero expense ratio. The funds, which will be named the  Fidelity Zero Large Cap Index Fund and the Fidelity Zero Extended Market Index Fund, will launch on September 18 with no investment minimum. Expenses charged by investments, commissions, interest charges, or other expenses for […]

Changes to early exit pension charges

In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]

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