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US Crackdown on Data Security

password, the user must provide an additional piece of information, such as a code sent via text message, to gain access to the system. This provides an additional layer of security and can help to prevent unauthorised access. At the T3 Technology Tools for Today conference, I gained valuable insight into the role of artificial intelligence in advice and the stringent approach US regulators are taking towards data security. UK advisers need to take note of this and ensure that they are taking proactive steps to protect their clients' data and stay up to date with the latest security developments. This includes conducting due diligence on third-party software and applications, regularly reviewing security policies and implementing two-factor authentication.

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Apple’s US Savings Account Launch

ield account with easy access, Apple is making financial services more accessible and convenient for its users. The partnership with Goldman Sachs is also a sign of the increasing collaboration between Big Tech firms and established financial institutions.

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How Annuities Help Retirement?

In 2014, George Osborne abolished the requirement for retirees to buy an annuity. Steve Webb, former pensions minister, suggests "eventual annuities" as an alternative solution, which involves investing a portion of pension savings in a deferred annuity that can be activated later in life. This provides a guaranteed income stream for a fixed period, while also giving retirees flexibility and control over the remaining savings. However, there are potential downsides such as expensive annuities and the risk of outliving the annuity's term. Ultimately, eventual annuities are an interesting alternative to traditional annuities and other investment options, but it is important to weigh the pros and cons and seek professional advice before making a decision.

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Pension

Pension mis-selling is an increasing problem in the UK, with numerous individuals being taken advantage ...

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Rethinking Pensions Tax Relief for Social Care

The Association of British Insurers (ABI) has proposed diverting tax relief on pension contributions to fund social care in the UK. This has been welcomed by many providers and advisers, however there are practical issues that need to be addressed. These include the impact on those already contributing to pensions and younger generations, as well as the amount of funding that could be generated. Despite these concerns, the proposal has sparked an important conversation about the need for additional funding for social care.

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