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The number of pension trustees who are encouraging members to take regulated financial advice has increased by 9% over the past year.

A pair of pension trustees have pleaded guilty to making illegal loans from a company pension scheme to the scheme’s employer.

Pensions broker Daniel Stewart & Company plc has been declared in default by the Financial Services Compensation Scheme (FSCS), opening the door for investors to claim compensation.

The Financial Conduct Authority is facing strong criticism for its handling of the £46m Blackmore Bond collapse which has left a number of investors facing thousands in losses.

Almost half (44%) of amber pension scam warning flag guidance sessions are being conducted without knowledge of why the flag was raised, according to the Money and Pensions Service (MAPS).

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