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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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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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Revenues double for InvestAcc ahead of SIPP acquisition
Group revenues more than doubled to £6m for InvestAcc for the six months ended 30 June (H2 2024: £2.5m).
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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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Aviva, L&G and Standard Life support October Annuity Day
Aviva, L&G and Standard Life have pledged their support to the first national Annuity Day, due to take place on 21 October.
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