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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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Pimfa calls for road map as pension withdrawals surge
Wealth manager trade body Pimfa has called for a clear tax road map to stem the tide of people accessing their tax-free pension cash because of speculation and headlines.
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Wealthy clients rethink inheritance plans on Budget rumours
Wealthy clients are increasingly seeking advice on inheritance tax and estate planning amid growing speculation ahead of the Autumn Budget, according to wealth manager Rathbones.
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This week has seen a rush of high-profile appointments and departures in the Sipps provider world from Pointon York, Hornbuckle Mitchell, Curtis Banks, Xafinity and Suffolk Life.
Hornbuckle Mitchell has made changes to its management team with high-profile departures and new arrivals.
Two directors at Sipp provider Taylor Patterson have qualified as Chartered Financial Planners.
Sipp provider James Hay has announced Iain Tait will join its board of directors.
The average annual income needed for a comfortable retirement is £25,783, according to Towry.
Sipp provider Suffolk Life has acquired the Sipp business of Origen Investment Services.