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SP Retirement
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Latest retirement news from Sharing Pensions.
Latest retirement news from Sharing Pensions.

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http://www.sharingpensions.co.uk/pension-freedoms-increased-risk-of-scams-says-mp-committee.htm

The Work and Pensions Committee have said the the pension freedoms introduced in April 2015 are insufficient for people to make a well-informed choice and lack of regulatory clarity is leaving pension savers exposed to scams.

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http://www.sharingpensions.co.uk/Impaired-annuity-providers-merger-raise-funds.htm

Impaired annuity providers raise £150m for merger due to pension freedoms

Providers of impaired annuity rates Partnership Assurance and Just Retirement have raised £150 million with a share placing to merge the companies after the pension freedoms in April 2015 have made it more difficult in the annuity market.
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Gilt yields and equities fall as Federal Reserve unclear about rate rise

http://www.sharingpensions.co.uk/gilt-yields-equities-fall-as-federal-reserve-unclear-about-rate-rise.htm

The 15-year gilt yields reduced 16 basis points this month to 2.12% with further falls in equities as the Federal Reserve decision about raising interest rates is finely balanced even after positive data for employment.
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With the new pension rules from April 2015 pension provider Legal & General has been unprepared for the high demand from people retiring and taking their benefits resulting in delays of over a month to access or transfer pension benefits.

http://www.sharingpensions.co.uk/legal-and-general-delays-mean-transfers-now-take-a-month.htm
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