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Keith Richards: ‘Current FSCS levy system outdated’

The current FSCS levy systems are outdated and must be overhauled, Personal Finance Society chief executive Keith Richards has said.

Lighthouse letter to client admits DB advice ‘technical error’

Lighthouse Group admitted to making a “minor technical error” in its advice given to British Steel workers to transfer their DB pensions.

Leeds-based adviser firm enters liquidation following pension transfer permission loss

Leeds-based adviser firm Capital & Income Solutions has entered administration.

Govt-backed Maps produces financial wellbeing strategy

The Money and Pensions Service (Maps) has launched a targeted strategy to address poor financial wellbeing in the UK.

PI Insurance hikes spark exodus from DB transfer advice

Advisers are continuing to leave the DB transfer market in droves, with high PI premiums prompting more than 30 firms to back away from final salary transfer advice in just three months.

Leeds-based adviser firm goes under after pension transfer permission loss

Leeds-based adviser firm Capital & Income Solutions has entered administration.

Gareth James: Will Sajid Javid revisit pensions early access?

Gareth James looks back at the career of Chancellor Sajid Javid and asks if his previous support of early access to pension pots points to future policy...

Rising SIPP claims push FSCS levy to £635m

Advisers face increased FSCS bills as the body is set to raise its overall levy to £635m for 2020/21 with intermediaries stumping up £213m.

Steve Webb to leave Royal London

Sir Steve Webb will join Lane Clark and Peacock (LCP) as a partner, leaving Royal London where he is currently director of policy.

Dominic Chappell ordered to pay £9.5m into BHS pension schemes

Dominic Chappell must pay £9.5m into BHS’ pension schemes after committing actions detrimental to their funding, the Upper Tribunal has ruled.
 

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