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FSCS pays out £473m as SIPPs payouts rise

The Financial Services Compensation Scheme (FSCS) paid a total of £473m in compensation to 425,760 customers of failed firms during 2018/19, it has been revealed.
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Tributes paid to former ABI director who has died suddenly

Tributes have been paid to former Association of British Insurers director Peter Montagnon who died suddenly on Tuesday.
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DB advice demand ‘strong’ but supply ‘hampered’ says report

According to adviser research from Aegon the demand for DB advice remains strong with nine out of 10 advisers, who are or have been active in advising on defined benefits, saying there are still many individuals who would benefit from taking advice.
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Half of drawdown retirees unaware they can vary income

Hundreds of thousands of DIY drawdown investors are unaware they can scale back or stop their withdrawals, putting them in danger of draining their retirement savings too rapidly, according to new research for Zurich.
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New TPR chief exec vows to deliver ‘robust protection’

The new chief executive of The Pensions Regulator (TPR), Charles Counsell has set out how he will lead the organisation and vowed ‘robust protection’ for savers.
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  1. Firm unveils new employee ownership structure
  2. Bank of England freezes interest rates at 0.75%
  3. FCA plans new regulatory action over DB transfers
  4. Retirees face outliving their savings by 10 years

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