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Pensions Minister Steve Webb has defended the pension reforms announced in the Budget after concerns were raised that retirement incomes could be poured instead into paying off children's student debts and weddings.
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A thematic review published today by the Financial Conduct Authority shows that most advisory firms describing their service as 'independent' appeared to use the description accurately.
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Seventeen banks and building societies have agreed to repay over an estimated £149 million in interest and charges to around 497,000 customers, following OFT action.
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Pension experts have expressed fears that reforms announced in the Budget will lead retirees to 'burn through' their money too fast.
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Financial Planner's Budget 2014 Panel: Michael Smith, co-owner and director of IFP Accredited Financial Planning FirmTM, Chamberlyns.
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Financial Planner's Budget 2014 Panel: James Thompson, director, Taylor Patterson
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The full text of Chancellor George Osborne's 2014 Budget speech to the Commons today.
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Investment providers have welcomed the Chancellor's decision to merge cash and investment Isas and raise the Isa allowance to £15,000 a year.
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Financial Planner's Budget 2014 Panel: Mike Morrison, AJ Bell's head of platform marketing.
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Financial Planner's Budget 2014 Panel: Andrew Roberts, partner at SIPP and SSAS provider Barnett Waddingham.
Subcategories
IFP Member News Article Count: 376
Features Article Count: 51
Insight & Analysis Article Count: 155
Comment Article Count: 436
Sponsored Content Article Count: 4
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