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Give some State Pensioners early access - Aegon urges
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Pension provider Aegon has urged the Government to consider a more flexible State Pension age and allowing early pension access to some people amid fears of further “significant” increases in the State Pension age up to 74 and the risk it could cause harm to many.
Read more: Give some State Pensioners early access - Aegon urges
FOS expects 30,000 more complaints in 2024/25
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The Financial Ombudsman Service is forecasting that the number of complaints it is set to receive this year will hit 210,000 - nearly 30,000 higher than it predicted in December.
FCA consults industry as Pension Dashboards edge forward
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The FCA has opened a consultation into new guidance to be added to its Perimeter Guidance Manual (PERG) as the much-delayed Pension Dashboards Programme continues to inch forwards.
Read more: FCA consults industry as Pension Dashboards edge forward
HNWIs are failing to use extra pensions allowance
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A year on since the increase in the pensions’ annual allowance, the majority of HNWIs (56%) are not utilising the extra £20,000 allowance available to them, new data from the Saltus Wealth Index Report has revealed.
Read more: HNWIs are failing to use extra pensions allowance
Manchester-based pension transfer adviser fails
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The Financial Services Compensation Scheme (FSCS) has declared Manchester-based Pension Advice Specialists Ltd (FRN: 792927) as failed.