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9 in 10 HNW clients underestimate retirement funding
Over 9 in 10 (92%) high-net-worth consumers underestimate how much money they need for a comfortable retirement, according to new research.
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FCA opens door to Long Term Asset Funds
The FCA confirmed today that that it will go ahead with its plans for long-term investment funds aimed at sophisticated investors and pension funds, potentially opening them up later to some retail investors.
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Advised net inflows at AJ Bell up 36%
Advised net inflows rose 36% year on year to nearly £4bn at investment platform AJ Bell for the year ended 30 September.
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National Audit Office to probe regulation of BSPS transfers
The National Audit Office, the UK’s independent public spending watchdog, is to probe the FCA’s handling of the British Steel Pension Scheme restructuring which resulted in many steelworkers transferring their pensions into SIPPs.
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SIPP provider Forthplus calls in administrators
Edinburgh-based SIPP operator Forthplus Pensions has gone into administration after a string of complaints to the Ombudsman about the firm’s due diligence.
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