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Martin Tilley Cut Out Medium
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Martin Tilley: Words of warning on toxic transfers

The new pension freedoms are finally here and, as both national and trade press have reported, there is huge interest in the drawdown flexibility and more favourable treatment of funds remaining on death. Much of this interest will come from members of defined benefit schemes who previously enjoyed neither the flexibility of income nor, in […]

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China growth at lowest since 2009

China’s GDP grew by 7 per cent between January and March, its slowest pace since the financial crisis in 2009. The BBC reports the rate fell from 7.3 per cent for the previous three months. Last year China missed its annual growth of 7.5 per cent for the first time in 15 years, with growth […]

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HSBC paves the way to replace chairman

HSBC is reportedly seeking a new chairman to replace Douglas Flint. Sky News reports the bank has appointed headhunters MWM Consulting to specifically replace Flint. HSBC has a long-standing relationship with headhunters MWM Consulting to recruit for non-executive directors.  Flint has served on the bank’s board since 1995, and took on the chairman’s role in 2010. While […]

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University College launches pension transfer qualification

Financial education organisation ifs University College has launched a new pension transfer qualification following the FCA’s proposals to tighten advice in the area. Last month, the regulator revealed plans to require all transfers out of defined benefit schemes to be undertaken by advisers with a pension transfer specialist qualification. Transfers from other “safeguarded benefits”, such […]

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