The Bank of England deputy governor Sir John Gieve last night outlined lessons learned by the Bank in terms of future capital requirements for UK banks.
The amount of money being saved into UK pension funds could jump by 30 per cent if people were allowed to dip into their funds in an emergency, according to the Pensions Policy Institute.
The Pension Protection Fund has proposed using longer-term risk when calculating protection levies for pension schemes in a bid to make bills fairer.
AWD Group is selling its mortgage and at-retirement arms to focus on wealth management.
So are the new Pension Freedoms being used? The answer to this appears to be a very clear ‘yes’. Figures from the Financial Conduct Authority (FCA) this week provides firm evidence of such usage.
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