New research from wealth management and Financial Planning group Tilney has revealed that most people remain in the dark about what to do with their pensions on retirement but most still want the ‘certainty’ of an annuity-style income.

A new firm, Pension Advice Specialists (PAS), which offers advice on pension transfers has warned of a gap in the availability of guidance.

Wednesday, 06 June 2018 10:50

FCA fines bank £896,100 over money laundering failings

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The FCA has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days.

Wednesday, 06 June 2018 09:50

7IM warns of ‘retirement crisis’ in new research

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Longevity and a decade of historically low interest rates have created “a dangerous cocktail” for the over-50s generation, according to new joint research by the London Institute of Banking & Finance and Seven Investment Management.

Wednesday, 06 June 2018 08:57

Dispute over ‘mandatory’ cashflow modelling claim

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A dispute over whether cashflow modelling is to become “effectively mandatory” for DB transfers has broken out between a software firm and the FCA.

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