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Ten per cent of grown up children claim their parents are having ‘too much fun’ and ‘blowing’ their inheritance, as a generational financial tug of war takes place, according to a retirement report.

A pensions expert says she has been disturbed to discover the new freedoms may be working to the detriment of many retirees as they take out their cash and stash it in savings accounts, suffering a tax hit as a consequence.

More than one in ten people aged over 60 have no plans to ever retire, fresh research has suggested.

Mattioli Woods is to spend nearly £15m to build a new central Leicester office.

Sipp provider Mattioli Woods has agreed an £8,300,000 deal to take over SSAS and Sipp administration firm Taylor Patterson.

A financial education firm, which has taught nearly 100,000 employees about pensions and retirement planning, has been bought out for £50m.

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