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News

Income

Retirees banking on 10% withdrawal rate 'will drain pots in a decade'

The average pension pot will last for just ten years in retirement if consumers withdraw funds at the rate they see fit, research has shown.

clock 08 April 2015 •

Your profession

Sesame to cover fees and trail commission for advisers joining Bankhall

Network Sesame has pledged to cover investment advisers' regulatory fees and trail commission arrangements as part of a benefits package for those going down its 'preferred route'.

clock 08 April 2015 •

Pensions

Treasury must merge pension and ISA tax regimes - Michael Johnson

The pensions and ISA regimes should be unified as the next logical step in the evolution of UK savings culture, Michael Johnson has said.

clock 08 April 2015 •

Equities

Jupiter's Ian McVeigh to step back from fund management

Jupiter UK Growth co-manager Ian McVeigh is to step back from day-to-day management of the £1.4bn portfolio as he takes a corporate governance role at the group.

clock 08 April 2015 •

Income

JFM launches 'no fee' income drawdown product for small pots

Jessop Fund Managers (JFM) has launched in income drawdown solution for advised clients with small to medium sized pension pots.

clock 08 April 2015 •

Regulation

CII launches pensions freedom exam 'bridging' unit

The Chartered Insurance Institute (CII) has launched a 'bridging' exam unit in light of the pension freedoms rolled out on 6 April.

clock 08 April 2015 •

Tax Planning

Dispute as Miliband outlines rationale for abolishing 'non-dom' status

Non-domiciled residents' contributions to the UK Exchequer have been defended after Labour leader Ed Miliband confirmed his party would abolish the 'non-dom' tax status if it came to power following next month's general election.

clock 08 April 2015 •

Economics / Markets

Shell to buy BG Group in £47bn super-merger

Royal Dutch Shell has agreed to buy BG Group for £47bn in one of the largest deals of all time.

clock 08 April 2015 •

Economics / Markets

CBI: UK economy expected to grow after 'solid start' to year

The Confederation of British Industry (CBI) has estimated the economy grew by 0.7% in the first quarter of the year and will "gather momentum" over the next quarter.

clock 08 April 2015 •

Pensions

Pension freedom tax liabilities remain misunderstood - Fidelity

The tax consequences of extracting cash from pension pots under the new freedom and choice regime are causing confusion among consumers who have contacted Fidelity's call centres.

clock 07 April 2015 •
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