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Number of ‘unsustainable’ pension withdrawals hits record high
The proportion of pensions being drawn down at 8% or over has hit its highest recorded level for pots of all sizes, according to analysis of the latest FCA data.
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Only high earners earning over £50,000 per annum and yet to join a pensions auto-enrolment scheme have increased the amount they are saving towards their retirement over the past year, the 2013 Scottish Widows Workplace Pensions Report has revealed.
The Financial Conduct Authority has said it may launch a probe into annuities following its 'market study' into the £1 trillion UK cash savings market announced today which will look at whether consumers are getting a good deal.
Suffolk Life has confirmed it has reached 20,000 Sipps under management.
Pointon York is holding an investment planning and pensions seminar on 26 September.
Xafinity is warning that thousands of SSAS trustees could face fines from HM Revenue and Customs if their SSAS has been managed incorrectly.
Barnett Waddingham consultant Sara Cook has been re-appointed as a director of the Pension Administration Standards Association.