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Value of money withdrawn from pension pots falls 5%
The FCA’s latest retirement income market data for 2022/23 published today has revealed that the overall value of money being withdrawn from pension pots is falling, dropping 5% to £43.199m from £45,638m in 2021/22.
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Pension transfer compensation is falling says OAC
New data from actuarial consultancy OAC suggests that pension savers submitting a complaint about pension transfer advice would now receive just £12,000 in compensation, about half the amount they would have received at the beginning of the year and well below the levels of two years ago.
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D2C platform launches £25 flat fee SIPP
Investment platform CMC Invest has launched a flat fee SIPP in partnership with Quai Investment Services.
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Midlands adviser firm fails with SIPP claims
Redditch-based Go IFA Ltd has become the fifth advice firm this week to be declared as failed or under investigation by the FSCS.
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More than 4 in 10 retirees regret failing to take advice
More than four in ten retirees (42%) surveyed by Standard Life said they regretted failing to seek financial advice.
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