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Bond turmoil causes annuity rates to surge
The turmoil in the bond markets has caused annuity incomes to soar by almost 50% in the last three years, new data shows.
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Failed SIPP firm Unity sold as FCA probe continues
Unity SIPP, part of the failed PSG SIPP (PSGS) business, has been sold to Pathlines Pensions UK Limited, formerly London & Colonial (LCS).
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Financial services optimism falls after Budget
The financial services sector has seen a sharp fall in optimism since Chancellor Rachel Reeves’ first Budget in October, according to the latest quarterly CBI Financial Services Survey.
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Change management specialist joins Ombudsman
Change management specialist Marc Harris has joined the Financial Ombudsman Service (FOS) as its new chief operating officer.
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ASA bans burning banknotes ads from SIPP provider
The Advertising Standards Authority has banned several advertisements for investment platform and SIPP provider Wahed Invest which showed US and Euro banknotes on fire.
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