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Over 50s unimpressed by rising annuity rates
Despite the significant improvement in annuity rates over the past 18 months, only 14% of 50+ year olds who are at least fairly familiar with annuities consider them to currently offer a good rate.
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SIPP adviser investigated by FSCS
The Financial Services Compensation Scheme is investigating two failed adviser firms, including one hit with claims over SIPP advice.
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CMA probes £242m Curtis Banks-Nucleus merger
The Competition and Markets Authority is to investigate the merger between platform Nucleus and SIPP provider Curtis Banks.
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AJ Bell reports 10% rise in advised customers
Total advised customer numbers for platform and SIPP provider AJ Bell rose 10% year-on-year to 156,368 for the quarter ending 30 June.
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Investment and pension advice top £403m FSCS claims
The majority of the £403m of claims to the Financial Services Compensation Scheme in 2022/23 were due to investment and pension advice as well as SIPP operator failures.
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