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PFS proposes Government levy solution to FSCS funding

The Personal Finance Society wants the Government to impose a ‘seven basis points’ levy on funds under management per year as a solution to FSCS funding problems. 
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30 retired homeowners a day give away equity release cash

Gifting is continuing to drive expansion in the equity release market with one in four pensioners using property wealth to help family members, new analysis has shown.
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Some drawdown retirees taking out over 10% a year

New analysis of 17,000 drawdown customers by a provider has revealed wide variations in the amount taken from pension pots but few signs of pensioners taking out all their cash in one go to buy a Lamborghini.
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Investors launch legal bid against SIPP firm

Investors have launched legal action against Liberty SIPP over allegations it cost them money through risky investments.
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Fairstone adds Sipps provider to its buy out programme

Chartered Financial Planning firm Fairstone signed up London-based Premier Portfolio Financial Services to its downstream buy-out programme.
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  1. £17m fraudster brothers who conned pensioners jailed for 11 years
  2. Time to sort out pension withdrawal tax mess says Steve Webb
  3. PI problems force pension transfer company to close advice service
  4. Thousands of drawdown users shun financial advice

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Features Article Count:  4

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