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Read the latest pension review news, aggregated from the interweb.


UK pension consultants prepare for era of no-nonsense

UK pension consultants prepare for era of no-nonsense They kept a low profile as banks and other pillars of the financial services industry were upbraided by regulators. Now the consultants who influence how trillions of pounds of pensions are invested are finally under pressure. Any hopes the industry had of…

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Alliance with DUP could disrupt Tory pension policies

Alliance with DUP could disrupt Tory pension policies. Commitments made in the Democratic Unionist Party (DUP) manifesto are likely to put the party at odds with the Conservatives when it comes to pension policies. The Conservative Party suffered a disappointing election result today, as it won just 318 seats, short…

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Millions set to miss out on full state pension

Pension fees: ‘Millions set to miss out on full state pension' The Government has been criticised for leaving pensioners in a state of “total confusion” about why some are not receiving the full state pension. The new flat rate state pension, which is £159.55 a week for this tax year,…

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Cridland expected to keep universal state pension age

Cridland expected to keep universal state pension age. The review of the state pension age (SPA) is expected to say savers should not be able to take their state pension early if they are ill, according to a report in the Financial Times. On Thursday the government is set to…

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Prudential forced to set aside £175m for annuity mis-selling

Prudential forced to set aside £175 m for annuity mis-selling Prudential has been forced to set aside £175 million to repay customers who were mis-sold annuities in a scandal sweeping the pensions industry. The City watchdog found some customers who were ill had not been told they could earn more…

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Sir Philip Green agrees to contribute £363m to BHS pension scheme

Sir Philip Green agrees to contribute £363m to BHS pension scheme. Controversial retail tycoon Sir Philip Green has sought to put a torrid period of parliamentary and media scrutiny behind him, agreeing to put £363m in cash towards BHS’ substantial pension scheme deficit. MPs investigated the sale of BHS last…

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Were YOU mis-sold your pension?

Were YOU mis-sold your pension? Prudential and Standard Life review annuity sales TWO pension giants are set to pay out millions of pounds to customers who were left with lower levels of retirement income after being sold the wrong annuities for their circumstances. Standard Life announced it has put aside…

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Phoenix Group prevents £30m of fraudulent pension transfers in the UK

Phoenix Group prevents £30m of fraudulent pension transfers in the UK One of the largest specialist consolidators of closed life pension funds, Phoenix Group, has publically announced staggering levels of fraud within the pension industry, specifically the pension release sector. Phoenix Group holds nearly £75 billion in assets owner by a…

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Why we put a £300k stretch of riverbank into our pension

Why we put a £300k stretch of riverbank into our pension The days of holding exotic assets within pensions may be numbered as the watchdog signals a crackdown and pension companies tighten their rules. Many people have simple personal or workplace pensions invested in a range of mainstream funds, often…

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New report examines barriers to consumer engagement with pensions

New report examines barriers to consumer engagement with pensions A better understanding of behavioural economics could help to drive up the amounts that individuals are saving for their retirement, according to the Pensions Policy Institute (PPI). The government must consider "a range of policy levers" beyond automatically enrolling individuals into…

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Brexit could push state pension age up, report suggests

Brexit could push state pension age up, report suggests Immigration cuts as a result of Brexit could have a big impact on the future direction of the state pension age (SPA), the head of the state pension review John Cridland has suggested. Speaking at an International Longevity Centre conference, Cridland…

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The £600 pension advice giveaway – and how to claim it

The £600 pension advice giveaway - and how to claim it The Government has handed higher-rate taxpayers a £600 tax-perk in the form of free financial advice. The new Pension Advice Allowance, first talked about in the Autumn Statement last year, will be launched in April this year. It means…

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deVere ceases pension transfer advice amid FCA review

deVere ceases pension transfer advice amid FCA review deVere UK has voluntarily agreed to stop providing pension transfer reports after a meeting with the FCA. The FCA will now launch a Section 166 review into the firm’s pension transfer practices. On its website, the FCA says this involves investigating aspects…

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