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FSCS declares Huddersfield BSPS-linked firm in default
The Financial Services Compensation Scheme has declared BSPS-linked adviser firm Mark Peter Houlbrook (FRN: 498168) in default over pension transfer advice, opening the door to compensation for ex-clients with valid claims.
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DB transfer activity surges in July
The number of defined benefit pension transfers in July surged to the highest level since August 2023.
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Half of people unprepared for retirement
Brits are woefully unprepared for retirement, with half not feeling confident they will be able to have financial freedom when they stop work.
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Future retirees less likely to leave inheritance
Two thirds (68%) of UK adults believe it’s important they leave an inheritance, but mortgage and rental costs are hitting their hopes of handing down a legacy.
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1 in 5 pensioners face higher rate tax bill
Wealth manager Quilter has warned that 3.1m pensioners face paying higher rate or additional rate tax by 2027/28 due to fiscal drag, according to a Freedom of Information (FOI) data request.
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