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Lib Dems back cooling off period for pension withdrawals

The Liberal Democrats are calling for the government to introduce a cooling off period for people who take more than the minimum lump sum from their pension pot without taking financial advice. Currently, withdrawals over the 25 per cent minimum are taxed at an  emergency tax rate, which can lead to pensioners paying too much […]

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Outsourced DB provider hits back at MP probe

Tideway Investment Partners says its activity with two defined benefit pension schemes has been “misunderstood and exaggerated”, in a letter to an MP committee. Tideway managing partner James Baxter has responded to questions from the work and pensions select committee about the promotion of DB transfers among employees at energy giant EDF and Magnox Electric […]

Customer trust is key for water companies

Ofwat, the regulator for the water sector in England and Wales has sent a clear message to water companies that they need to put the customer at the heart of their business, setting out a new list of requirements around customer outcomes, executive pay and profit distribution. Ashley Hamilton Claxton, Head of Responsible Investment at […]

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DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]

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