Retirement
Investment
Today's average annuity will pay £14,180 less over retirement than an annuity purchased three years ago according to MGM Advantage.
21 January 2013
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Investment
The implementation of the single-tier state pension will cost the exchequer £265m, according to official figures released today.
18 January 2013
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Equity release
The equity release market has enjoyed its third successive year of growth according to figures from the Equity Release Council (ERC.)
17 January 2013
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Income
The maximum income which can be taken through income drawdown will increase from 100% to 120% of GAD from 26 March.
17 January 2013
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Pensions
A judge has refused to lift a lifetime ban on an adviser who was struck off for failing to compensate clients who the Financial Services Authority (FSA) found he had caused to lose "substantial" money from their pensions.
17 January 2013
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Economics / Markets
LV= has reduced charges on its self-invested personal pensions (SIPPs) worth between £350,000 and £1m from 35 to 20 basis points (bps), a decrease of more than 40%.
17 January 2013
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Investment
The Office of Fair Trading (OFT) has launched an investigation into the value for money of workplace defined contribution (DC) pensions schemes.
17 January 2013
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Pensions
The Financial Services Authority (FSA) has banned two former Freedom SIPP directors, John James Quarrell and Susan McKenzie Beaumont, from working in the financial services industry.
16 January 2013
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