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Tributes have been paid to former Association of British Insurers director Peter Montagnon who died suddenly on Tuesday.

Hundreds of thousands of DIY drawdown investors are unaware they can scale back or stop their withdrawals, putting them in danger of draining their retirement savings too rapidly, according to new research for Zurich.

According to adviser research from Aegon the demand for DB advice remains strong with nine out of 10 advisers, who are or have been active in advising on defined benefits, saying there are still many individuals who would benefit from taking advice.

The new chief executive of The Pensions Regulator (TPR), Charles Counsell has set out how he will lead the organisation and vowed ‘robust protection’ for savers.

Financial Planning firm Paradigm Norton has launched a new employee ownership structure which has given all 65 staff a stake in its future.

The Bank of England has maintained interest rates at 0.75%.

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