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December was the fourth month in a row where pension transfer values monitored by XPS fell, although the number of people making a transfer rose.
Soaring SIPP claims have forced the Financial Services Compensation Scheme to increase its levy for 2020/21 by £87m to £635m.
Former Pensions Minister Sir Steve Webb is to become a partner at growing pensions and investment consultancy Lane Clark & Peacock LLP.
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SIPP and platform provider AJ Bell has launched its Retirement Investment Account (RIA) today - a new low-cost pension with a ‘streamlined’ investment proposition.