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Retirement

Charging

Five things clients will call you about this week

FIVE THINGS

clock 25 February 2013 •

Regulation

L&G ups safeguards against pension liberation

Legal & General (L&G) has increased protection against pension liberation outfits after The Pensions Regulator (TPR) and other bodies highlighted the plight of people taken in by such schemes.

clock 25 February 2013 •

Income

Drawdown women could see income rise 40% - Standard Life

Changes to regulations around income drawdown could result in women soon being able to take a 40% larger income from their plan, according to one provider.

clock 25 February 2013 •

Income

MPs may debate 'granny tax'

MPs may be forced to debate a controversial plan to halt age-related tax allowances - a move dubbed a ‘granny tax' - after an online petition opposing it garnered almost 100,000 signatures.

clock 22 February 2013 •

Income

Glitch hits 12,000 L&G annuity customers

About 12,000 pensioners who hold annuities with Legal & General (L&G) have been left without their regular payouts after a technical blunder.

clock 22 February 2013 •

Pensions

AMPS: FSA cap ad plans threaten SIPP industry competition

The Association of Member Directed Pension Schemes (AMPS) has warned the Competition Commission and the Office of Fair Trading that Financial Services Authority (FSA) capital adequacy plans may threaten competition in the self-invested personal pension...

clock 21 February 2013 •

Pensions

AMPS: FSA SIPP proposals risk consumer harm

Proposals for SIPP capital requirements based on assets under administration should be scrapped as it could risk consumer harm, Association of Member Directed Pension Schemes (AMPS) has told the FSA.

clock 21 February 2013 •

Investment

Providers could save £74m with online-only pension comms

Providers could save £74.6m a year by communicating all information with pension savers online, under government proposals.

clock 21 February 2013 •

Investment

QROPS transfers up 35% at deVere

The number of pension transfers to qualifying recognised overseas pension schemes (QROPS) during 2012 was up 35% at deVere Group.

clock 21 February 2013 •

Investment

Scottish Widows on the spot - individual pensions

The individual pensions market in 2013 and how we are supporting it.

clock 21 February 2013 •
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