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Henry Tapper: ‘We’ve really made a mess of DB transfers’

First Actuarial director and British Steel campaigner Henry Tapper has criticised the role of unregulated introducers in encouraging unsuitable defined benefit transfers out of the scheme. Tapper has been heavily involved with Operation Chive, the pro-bono adviser-led initiative to give help and guidance to steelworkers after the British Steel Pension Scheme’s collapse left them vulnerable […]

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Pension schemes to invest in greener alternatives under new rules

Pension scheme members will be given powers under new government rules to hold their schemes to account over how social and environmental factors impact their investments. Trustees will be required to produce a policy that includes an assessment of the sustainability of their investment decisions. This policy will be available to members so they can […]

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Virgin Money bought in £1.7bn deal

The parent of Yorkshire Bank and Clydesdale Bank has agreed to buy Virgin Money for £1.7bn. The businesses say the deal will create the UK’s first “true national banking competitor to the status quo”. The new group will serve around six million customers. A notice to investors from CYBG says: “The combined group will have […]

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