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Annuity rates up 20% in a year
Annuity rates have climbed again meaning a 65-year-old with a £100,000 pension pot should be able to buy an annuity income of up to £7,144 per year, up from £7,027 two weeks ago and an increase of 20% on the same period last year.
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German 'edtech' firm buys professional body LIBF
Professional body the London Institute of Banking & Finance has been acquired by German educational technology provider IU Group for an undisclosed sum.
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Transact criticises rivals over cash handling
Adviser platform Transact has criticised the approach some other platforms have taken towards cash handling and the use of cash interest.
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Pension guidance 'nudge' needs to be stronger - Quilter
Wealth manager and platform Quilter says the ‘stronger nudge’ towards pensions guidance, introduced a year ago, has so far produced “lacklustre” results and needs to be beefed up.
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Pensions Dashboards pushed back to 2026
The Department for Work and Pensions has proposed pushing back the deadline for mandatory adoption of the Pensions Dashboards Programme to October 2026.
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