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Displaying items by tag: pensions

Wealth manager St James Place says that pension reforms will create retirement opportunities but retirees will need ongoing advice to avoid running out of money in retirement.

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Thursday, 31 July 2014 11:41

Calls for more powers to combat pension fraud

The Pensions Regulator should be given the power to remove websites that are suspected of pension liberation, a pensions firm says.

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About 20.5 million people may be planning to rely exclusively on a state pension to help fund their retirement, fresh estimates have suggested.

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The total UK 'at retirement' market has been forecast to more than triple in size in the next 10 years, with annuity sales still high despite taking a hit in 2014.

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The time has come for a 'pensions passport' to be made a reality, according to leading figures in the industry who have come out in favour of the idea.

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Wednesday, 23 July 2014 14:33

HMRC throws out 362 pension schemes

A crackdown on pensions liberation has led to HMRC rejecting 362 pension scheme applications in the last nine months.
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A levy on regulated financial services firms will pay for the Government's pledge of free, impartial retirement guidance, the Treasury confirmed this morning.
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The FCA has today sent a damning letter to all Sipp operators telling them there are still widespread failings which put consumers' pension savings at "considerable risk".

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There are over one million millionaire retired households in the UK, new analysis has shown.
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A pensions firm has reported the trend towards including commercial property in new Sipps has continued, with a further increase this year.

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