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Pension scheme trustees and independent governance committees (IGCs) must be able to report transaction costs in a "standardised, comparable way", the regulators have said. 03 Mar 2015
UK pension providers will be required to provide personalised risk warnings to customers before they will be able to access their savings, even if they are getting free guidance from the government-backed Pension Wise service. 03 Mar 2015
This guide was last updated in August 2011.
FOCUS: The new independent governance committees (IGCs) of contract-based workplace pension schemes in the UK do not need to become pseudo-trustees in order to deliver good outcomes for savers. However, they should be given trustee-like powers to transfer... 03 Mar 2015
Customers who transferred their pension savings to a self-invested personal pension (SIPP) after receiving negligent advice from a firm that is no longer in business will now be able to claim for investment losses, the Financial Services Compensation Scheme... 23 Feb 2015
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