Most UK adults ignore investing
The vast majority of UK adults have no investments and favour holding cash savings, an inaugural survey by the Financial Conduct Authority (FCA) has found.
Pensions
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TV pension scam campaign would cost £2m a year
A carefully-targeted pension scam public awareness campaign including television advertising would cost in the region of £2m annually, a financial services advertising expert has said.
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PA ANALYSIS: Why the government needs to act quickly on cold calling
While welcoming Monday’s government decision to resurrect a ban on pension cold calling, many industry figures have expressed concerns on how long it will take to implement.
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Government revives pensions cold calling crackdown
The government has revived plans for a ban on pension cold calling with a promise of new legislation after the original plan was dropped owing to the snap general election.
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FCA: Savers risk retirement poverty by not taking drawdown advice
Pension savers risk exhausting their retirement pots too early by accessing income drawdown without taking advice, according to the Financial Conduct Authority (FCA).
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FCA to overhaul pension transfer advice rules
Advice on pension transfers is to be provided as a personal recommendation and transfer value analysis replaced with a comparison to show the value of the benefits being given up under plans announced by the FCA on Wednesday.
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Savers ‘sleepwalking to uncertain retirement’ in ‘lifestyle’ funds
Seven Investment Management (7IM) is calling on the government to make financial education on pensions a top priority.
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FOS orders wealth manager to pay client compensation
A man who complained about advice from Legacy Wealth to invest two-thirds of his pension pot into an unregulated UCIS has won his case at the Financial Ombudsman.
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Pension funds’ focus on premium investments has driven up fees 50%
The average fee paid by pension fund clients has risen sharply in the last decade as the funds have focused on more expensive investments, according to a report.
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Dear PM… Brewin chief demands May act on savings crisis
Intergeneration wealth disparity, tax simplification and removal of the £1m lifetime pension allowance are all addressed in a remarkable letter to the prime minister from Brewin Dolphin CEO David Nicol.
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FCA stops pension transfers from 16 advice firms
Sixteen UK firms agreed to stop any activities related to pension transfers in the 12 months to January 2017, the FCA has revealed.
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ONS: Gilts on top as investors dump short-term assets
Institutional investors favoured UK gilts over short-term assets in the last three months of 2016, according to the latest data from the Office for National Statistics (ONS).
