46% drop in pension income for retirees in 2017

People retiring today are having to cope with a 46% drop in their pension income compared to 10 years ago before the credit crunch too effect.

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Young planners can win £2k to attend South Africa conference

Risk profiling software provider FinaMetrica is offering young Financial Planners and Paraplanners a chance to attend the prestigious Financial Planning Institute Annual Conference in South Africa. 

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Rathbones and Smith & Williamson mull £2bn merger

Rathbone‎s and Smith & Williamson have confirmed they are in exclusive talks which may lead to merger creating a group with £50bn under advice.

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Govt to ban pensions cold calling after campaign

The Government is to move ahead with a raft of new measures to ban pension cold calling after a growing campaign to do more to protect consumers.

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IFA gets six years in prison for Sipp con

A financial adviser who spent his clients' Sipp pension investments on his own “lavish lifestyle” has been sentenced to six years in prison this week.

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Advisers split on medium term returns from UK equities

Despite a bumpy ride for the FTSE 100 recently, more than one in four financial advisers believes that UK equities will generate the best returns for their clients over a three to five year period, according to new research.

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Tech firm to launch next gen client-adviser digital tools

Financial tech provider Iress is to launch what is calls “next-generation digital tools” through its XPLAN service from early 2018.

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Business as usual for Parmenion despite mega merger

Parmenion, the adviser platform and investment service, has told users that there will be no change to the way it operates despite the merger this week between its parent company Aberdeen Asset Management and Standard Life.

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Finances of 12m UK adults hit by ill health or death

A protection study by Aviva has uncovered that nearly one in three (31%) UK adults have had to take leave from work due to ill health, a cancer diagnosis or death in the family and 77% of these people (12.3m consumers) have seen their finances hit as a consequence.

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Royal London warns on ‘sleep-walking’ income drawdown clients

Royal London has reported first half new life and pensions business up 45% year on year to over £6bn thanks to growth in several areas, including income drawdown, but has voiced concern about some aspects of income drawdown growth.

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