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The Financial Services Compensation Scheme plans to increase its workforce by about 25% by 2024/25 to cope with a surge in complex cases, the body has confirmed to Financial Planning Today.
National Chartered Financial Planning-focused firm Fairstone has revamped its client charging structure and cut its ongoing charge for standard clients by 20 basis points to 0.8%.
The number of defined contribution pension transfers in 2023 soared by 22% to 1.2m despite predictions of a decline in the market.
Many pension trustees are falling short of the standards of The Pension Regulator’s codes, the regulator has warned.
The NHS Business Services Authority (NHSBSA) has opened a claim back scheme to compensate NHS pension scheme members who have suffered a financial loss due to discrimination.
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The Financial Services Compensation Scheme, the government-backed investor safety net, is to expand its number of expert staff to cope with a rise in complex cases.