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Government Announcements

Spotlight - Government Announcements

Cap on exit pension charges introduced

The Financial Conduct Authority has detailed its final rules on capping early exit charges for people eligible to access their pensions from the age of 55.

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Inflation measure to change from March 2017

The Office for National Statistics will begin using CPIH to measure inflation from March 2017.

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Pension triple lock should be scrapped, say MPs

The state pension triple lock which protects the income of pensioners should be abolished, according to the Work and Pensions Committee.

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£7.6 billion accessed via pension freedoms

Savers have accessed over £7.6 billion from their pension pots since April 2015, according to figures by HMRC.

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Pension Schemes Bill places cap on exit charges

The Pension Schemes Bill from the Department of Working Pensions includes provisions to strengthen legislation on exit charges.

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Secondary annuity market plans cancelled

The government’s plans to introduce a secondary annuities market for pensioners have been cancelled.

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State pension age consultation begins

The government is reviewing the state pension age to ensure it remains affordable and fair to everyone.

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Brexit round-up: Hard Brexit could cost £66 billion a year

Here is our latest round-up of the top Brexit-related stories this week.

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Government to form single financial guidance body

A single financial guidance service, delivering debt advice, budgeting and pension guidance will be set up by the government.

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Chancellor’s speech: business reaction

A round-up of the business reaction to Philip Hammond's speech at the Conservative party conference.

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