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Liberty SIPP has posted its strongest ever year of growth with it now having £2.64bn assets under administration.

New data from investment and planning software firm Selectapension, indicated a growing demand for advice on transfers from DB pension schemes.

Pension and finance companies have been placed in provisional liquidation following an Insolvency Service probe.

Talbot and Muir, SIPP and SSAS firm, was celebrating its 25th anniversary as assets under administration hit £2.5bn.

Pension deductions from pay will treble for more than four million employees from today.

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SIPP firm's best ever year sees assets grow to £2.64bn