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Hundreds face huge tax bill after cashing in pension
Almost 300 people fully encashed a pension of more than £250,000 after tax-free cash between October 2023 and March 2024, paying a minimum £98,700 each in tax in the process, according to new analysis of FCA figures by Standard Life.
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Specialist expat SIPP adviser declared in default
The Financial Services Compensation Scheme has declared financial adviser AXG Advice Ltd (FRN: 450813) as failed.
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Advisers changing retirement advice due to IHT shake-up
Financial advisers are turning away from pension wrappers and instead utilising pension gifting, annuities and onshore bonds as they prepare for the upcoming changes to inheritance tax, according to a new report.
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Trust in pensions sector drops for first time in 5 years
Public trust in the pensions industry has dropped for the first time in five years, according to an annual survey.
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17 pension firms sign up to Mansion House Accord
A new Mansion House Accord backed by 17 pension firms aims to help DC pension savers by using private markets to boost potential net returns, while strengthening investment in the UK.
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