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Displaying items by tag: Budget 2014

The job of advisers will be to "protect people from themselves" in the new era of pensions being ushered in from April, Partnership's chief executive says.

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Friday, 12 September 2014 12:43

Sipp firm founder: Scotland vote could spark chaos

A pensions firm's co-founder has predicted chaos if Scots vote for independence and says everyone in the financial services industry is keeping their fingers crossed that it does not happen.

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Advisers are deeply concerned at how Government tinkering with pension reform legislation is affecting their ability to help clients, a Sipps firm has reported.

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An organisation which represents schemes providing pensions for over 17 million people has labelled the new options for retirees arising from the Budget reforms as "baffling".

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There was a 46% rise in the number of complaints about Sipps made to The Pensions Advisory Service in the last year.

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A sipp firm has undertaken research, which suggests that awareness of Sipps among young people has risen significantly since the Budget in March.

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A levy on regulated financial services firms will pay for the Government's pledge of free, impartial retirement guidance, the Treasury confirmed this morning.
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The gulf in annuity rates between the top enhanced rates and bottom standard rates is 30%, according to new figures.
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A director of a pensions firm has backed the idea of providing the Government's promised guidance guarantee online.
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Partnership has announced that it will shed 100 jobs as part of cost cutting measures linked to the overhaul in the pensions system arising from the Budget.
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