All Advice and guidance articles – Page 9
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News
Provider nudges increase guidance uptake
On the go: A strong provider nudge drives three times more savers to seek pension guidance, trials arranged by the Money and Pensions Service have found.
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News
Third of schemes improve outcomes for transferring members
On the go: Almost a third of pension schemes — 30 per cent — have taken action to improve outcomes for their members when transferring out of their defined benefit plan, according to research from XPS Pensions.
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News
Lockdown sees third of savers taking action on pensions
Data crunch: Seven million people, representing more than a third of savers, have taken action relating to their pensions during the coronavirus lockdown, with almost one in three reviewing their spending habits more often, according to analysis by Aviva.
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News
DWP directs savers to unofficial pension tracing website
On the go: The Department for Work and Pensions has been wrongly directing savers searching for their lost pension pots to a website linked to an independent financial adviser company rather than the government’s official service.
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News
PPF creates panel to support trustees with stressed sponsors
On the go: The Pension Protection Fund has established a new panel to support trustees where the scheme’s employer is in stressed or distressed circumstances.
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News
FCA launches investigation into decumulation advice
On the go: The Financial Conduct Authority will carry out an investigation into the suitability of pension decumulation advice.
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OpinionSchemes at risk from dwindling IFA transfer market
It pays for schemes to beat the rush when looking for an independent financial adviser to handle projects such as liability management exercises, says Buck’s Mark van den Berghen, adding that in the current regulatory environment due diligence on IFAs is paramount.
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News
FCA launches pensions advice market review
On the go: The Financial Conduct Authority is set to embark on a fresh crackdown on financial advisers, where it will analyse whether savers are receiving unsuitable pensions advice.
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News
Third of schemes facilitating financial advice to members
On the go: One-third (34 per cent) of defined benefit scheme trustees are facilitating financial advice for their members as they approach retirement, new research found.
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Features
Are you responsible?
WEALTH at work’s Jonathan Watts-Lay looks into who is held responsible if a member transfers benefits and is subsequently found to have been scammed.
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News
One in three schemes consider appointing IFA
On the go: Some 35 per cent of pension schemes have either appointed or are considering appointing an independent financial adviser to support members, research reveals.
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NewsConcerns over IFA shortages after LEBC leaves DB transfer market
Independent financial advice firm LEBC’s decision to leave the defined benefit transfer market has reignited concerns over shortages of quality advice, with experts warning that tighter regulation could lead to further exits.
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News
Fall in gilt yields drives transfer values to near record
On the go: The continuing fall in gilt yields is driving transfer values towards near record levels, according to XPS Pension Group.
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News
Government to review tax taper for NHS clinicians
On the go: The government is to review the operation of the tapered annual allowance for senior clinicians, following a vigorous campaign by NHS doctors.
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News
Record 336,000 retirees access their pensions
On the go: More retirees than ever are withdrawing money from their pension pots as the popularity of freedom and choice continues unabated.
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News
Contingent charging to be banned by November under FCA proposal
On the go: Contingent charging could be banned by November this year under new plans by the Financial Conduct Authority, which released a package of measures on Tuesday aiming to boost consumer rights.
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News
FCA lambasted for lethargy on contingent charging
The Financial Conduct Authority’s proposals to ban controversial charging structures were welcomed by the industry on Tuesday, but some have criticised the regulator for being slow to act.
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OpinionTPR: We do not care what your name is and neither does the law
Darren Ryder of the Pensions Regulator has a stark message for employers and advisers using rebranding to avoid auto-enrolment duties, and encourages advisers to cover their own backs.
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News
FCA's move to shrink IFA market poses trustee challenges
The Financial Conduct Authority defended its increase to the compensation limit on Wednesday, accepting that the financial advice market was shrinking but reaffirming that it will help protect consumers.
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PodcastsPodcast: Putting a stop to unsuitable defined benefit transfer advice
Podcast: The Financial Conduct Authority recently expressed concern that too much of the defined benefit transfer advice it has seen to date is still not of an acceptable standard. In this podcast, Tom Selby, senior analyst at AJ Bell, and Bob Scott, senior partner at LCP, talk about the impact of increased regulatory scrutiny of transfer advice, the need for DB flexibility, and how schemes and employers can help members by appointing a dedicated independent financial adviser to their scheme.