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Parents and grandparents who gift money to their grown-up children and grandchildren risk compromising their own standard of living by being too generous, according to a new study by Investec Wealth & Investment.

The Association of British Insurers has revealed that around 80% of cash lump sum withdrawals were made by people who had not reached 65 years of age.

Overhauling the system of pension taxation “risks destroying the foundation of a system that works,” warns Barnett Waddingham

Standard Life is urging the Government to introduce an incentive-led pensions regime rather than one based on the current system of tax relief.

As auto-enrolment reaches its third anniversary, NEST has reported that there are now over 5 million workers enrolled and up to a further 5 million workers set to be enrolled.

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