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16 Jan Difficult Decisions

A case that I am familiar with involved a man in his mid-thirties passing away after having filled his EoW, nominating the two children as potential beneficiaries. However, the grandfather then produced paternity proof in relation to a further child from a secret relationship his...

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20 Jun Rosalind Connor comments in IPE on DWP’s consultation on trustees’ pension scheme investment duties

A proposed requirement has been revealed as part of the launch of a consultation from the Department for Work and Pensions (DWP) on trustees’ duties, stipulating that pension scheme trustees will have to set out the extent to which they take account of members’ views...

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17 May Out in the wash

In the fight against organised crime and terrorist financing, money laundering has changed significantly since the Proceeds of Crime Act 2002 came into force as the UK’s primary anti-money laundering (AML) legislation. As part of the continuous evolution of AML, new money laundering regulations came...

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23 Jan How to avoid pitfalls in DC bulk transfers

Pension freedoms, increasing governance demands and higher charges have led to considerable appetite among employers to transfer defined contribution pots to either a mastertrust or contract-based arrangement, but there are a number of hurdles that need to be overcome....

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17 Jan Anna Copestake comments in Pensions Age on drawdown demand outstripping annuities

When it comes to retirement products, drawdown is currently king. Figures from the Association of British Insurers (ABI) show that drawdown sales consistently beat those of annuities throughout 2016, while in September the Financial Conduct Authority (FCA) revealed that drawdown arrangements rose by 4 per...

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