UK Finance News

The UK government appeared powerless to seek retribution from smug Fred Goodwin and the Royal Bank of Scotland directors, despite accepting tax payers cash to bail out their business, it looked as though they would be let off scot free as Gordon Brown accepted half hearted apologies from the bank for it’s total incompetence.
The icing [...]

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The million policyholders that lost half of their investment with Equitable Life in 2001, when the company came to the brink of collapse, have been given some hope that they will be at last be able to seek compensation for their losses as a report from the Parliamentary Ombudsman Ann Abraham, is published.
The ombudsman found [...]

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Pensions specialist, Scottish Life, has issued a stark, if very logical warning over the mechanics of auto-enrolment to the pensions Personal Account scheme from 2012.
A quick survey of 277 IFAs estimates that up to 10,000,000 employees will not get anything other than generic advice before enrolling, with millions more potentially adrift looking for advice.
The survey [...]

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It would seem that at last younger savers are starting to take pension savings seriously. It may also mean that recent pension reforms are starting to hit home.
And so they should, with excellent tax breaks and more generous limits on contributions, the fruit is ripe for the picking.
Research by Fidelity FundsNetwork shows nearly a quarter of a [...]

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In an attempt to head off the risk of pension buy-out firms removing scheme profits and thereby leaving members more heavily exposed to the chance of schemes falling into deficit, the Pension Regulator is planning tougher new powers. 
The trend towards companies outsourcing their pension schemes to “for profit” suppliers, allows surplus assets to be sold off, leaving members [...]

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