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£35m added to state pensions ahead of top-up deadline
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People wanting to maximise their state pension by plugging gaps in their National Insurance record have contributed to a total of 68,673 years, worth £35m, since April last year, HMRC said.
Read more: £35m added to state pensions ahead of top-up deadline
FCA: DB transfers fell after contingent charging ban
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The FCA’s ban on contingent charging introduced in 2020 led to a dramatic fall in the number of DB transfers, but had little impact on fees, the regulator said.
Read more: FCA: DB transfers fell after contingent charging ban
New-style retail corporate bonds proposed
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The Financial Conduct Authority has published proposals today which would pave the way for a new generation of smaller corporate bond issues aimed at retail investors and wealth managers.
PPF levy cut will mean significant savings for DB funds
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The Pension Protection Fund (PPF)’s decision to reduce the amount it will levy on defined benefit pension schemes from £100m to £45m, has been welcomed by the Pensions and Lifetime Savings Association (PLSA).
Read more: PPF levy cut will mean significant savings for DB funds
FCA set to survey all regulated firms for first time
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For the first time the FCA is to survey all regulated firms for its annual Practitioner Panel joint survey.
Read more: FCA set to survey all regulated firms for first time