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FCA criticises quality of pension transfer advice as it launches review
Many advisers are failing to provide pension transfer advice of an "acceptable standard" says the FCA which is to scrutinise the harm to consumers from advisers who levy ‘excessive fees and charges.’
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PI woes force 30 adviser firms to quit pension transfers
More than 30 financial advisory firms have quit the pension transfer advice market in the past three months after struggling to find professional indemnity insurance cover, the Personal Finance Society has said.
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FSCS levy up by £87m as SIPP claims soar
Soaring SIPP claims have forced the Financial Services Compensation Scheme to increase its levy for 2020/21 by £87m to £635m.
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Pension transfer values slip for fourth month
December was the fourth month in a row where pension transfer values monitored by XPS fell, although the number of people making a transfer rose.
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Ex-Pensions Minister Sir Steve Webb joins LCP
Former Pensions Minister Sir Steve Webb is to become a partner at growing pensions and investment consultancy Lane Clark & Peacock LLP.
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