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Advisers and clients have become more concerned about wealth transfer since the Government’s proposals in the Autumn Budget to include unused pension assets in the estate for inheritance tax.

Pension experts said that today’s figures from the PLSA about retirement living standards should be a ‘wake-up call’ for savers.

The minimum amount someone needs in retirement has fallen, according to the latest update of the Pensions and Lifetime Savings Association’s (PLSA) Retirement Living Standards report.

Transferring wealth between generations is as important to clients of Financial Planning firms as retirement, according to a new study.

Changes to salary sacrifice would cause confusion, reduce benefits to employees, and disincentivise pension savings, The Society of Pension Professionals has warned.

Dan Olley, CEO of Hargreaves Lansdown, is to leave the firm less than two years after taking up the helm.

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