The DWP has detailed its plans today for a new occupational pension scheme - with promises that members using the Collective Defined Contribution (CDC) schemes will be ‘protected’ from excessive fees by a 0.75% charge cap.

Plans unveiled by the Ministry of Justice last night to change the way probate is charged have been branded “extortionate” and a “stealth tax.”

The Department for Work and Pensions is to consult on introducing large-scale Collective Defined Contribution (CDC) pension schemes although but it may be years before they arrive, according to one expert.

Old Mutual Wealth, part of Quilter, will now be able to consider customers looking for life cover who have both heart disease, or cerebrovascular disease such as stroke and diabetes, a combination it says the industry “typically flatly declines.”

Blick Rothenberg, which alongside its accounting and tax services has a pensions planning and advisory arm, has acquired Hazlems Fenton. 

Citizens Advice has responded to the FCA’s recent report into household insurance pricing.

New figures from PIMFA, which represents around 1,000 UK wealth managers and financial advisers, showed the number of financial advice firms had fallen, but adviser numbers had increased.

Men and women will for the first time share the same state pension age of 65 from tomorrow (6 November 2018) marking a major pensions milestone set in train 25 years ago but critics say the change is far from fair to women.

Wealth manager and Financial Planner Close Brothers Asset Management has bolstered its investment offering in Scotland with the hire of two new managing directors.

HMRC is set to issue thousands of pounds of refunds to taxpayers who were unfairly penalised for failing to notify HMRC that they were liable to the Higher Income Child Benefit tax charge.