| UPDATED: 14:47, Sun, Mar 14, 2021
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Savings have been built up across the UK over the last year or so as coronavirus forced millions to work from home. Additionally, the options for what people could spend their money on diminished and fortunately, new research shows many savers have been productive with what they ve done with their money.
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Pension funds are invested into financial markets with the long-term goal of providing retirees with comfortable levels of income in their later years. In early March, the FCA published an update on their plans for financial regulation within the markets.
| UPDATED: 14:42, Thu, Mar 11, 2021
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Pension scheme owners have been written to by the DWP, with it being revealed today that Guy Opperman, the Parliamentary Under-Secretary for the DWP, said around 90 different schemes must begin sharing data with the industry s voluntary group, the Pension Scams Industry Group (PSIG). The DWP argued greater data sharing, used in parallel with the improved pension transfer rules in the Pension Schemes Act, will ensure savers are better protected from unscrupulous scammers.
PENSION and general wealth inequality is a key problem in the modern financial world, with new research from Scottish Widows illustrating just how bad it has become. As International Women s Day arrives, the financial institution has called for workers to take action.
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Pension assets hold huge sway in the investment world as billions of retirement funds are invested in stocks, bonds and even property. However, with Bitcon s price skyrocketing in recent months, some experts predict cryptocurrencies could be the next asset to see investment from the retirement industry.