Phoenix Life, the pensions company that specialises in taking on other insurers' historic savings plans, has dropped exit fees for 150,000 customers who have benefits worth less than £5,000. The move will make it easier for such savers to transfer savings to another pension provider moving their money into a larger pension fund held elsewhere, for example.
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The five insurance policies you should haveSome insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
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The pension income-drawdown time bombFeatures Some pension savers being paid a regular income from their retirement funds could be heading for disaster.
