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Pru hit with £23.8m fine after annuity mis-selling failures

The Financial Conduct Authority has today fined The Prudential Assurance Company Limited £23.875m for failures relating to non-advised sales of annuities.

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Pension savers lose out in £600m ‘tax grab’

Pension savers lost out on £600m last year according to HMRC personal pension statistics released today.
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Nearly 1 in 2 pension holders shun advice when accessing pots

The FCA's latest Retirement Income study, published today, has revealed that nearly half of pension savers have accessed their pension pots in the past year without taking regulated advice or guidance.

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PFS brands FCA retirement figures ‘alarming’

The Personal Finance Society (PFS) has branded the findings of an FCA survey, released yesterday, which showed nearly 50% of pension savers accessed their pension pots in the past 12 months without taking any regulated advice or guidance, “alarming”.
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James Hay hires platform marketing veteran

Retirement wealth planning firm James Hay has appointed platform veteran Stephen Wynne-Jones as its head of marketing.
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  1. Sanlam buys Thesis Asset Management
  2. Expensive claims force SIPP firm into administration
  3. FSCS opens door to claims against Berkeley Burke
  4. Scottish Widows makes new senior pensions appointment


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