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The Annual Conference of AMPS (the Association of Member-directed Pension Schemes) gets under way today (Weds 21 May) in London at a critical time for the sector, says chairman Neil MacGillivray.

Despite a rise in overall complaints, the Financial Ombudsman says that the number of complaints it handled on pensions and investments for the year to March fell from 19,834 to 15,938.

Financial Planning and forecasting specialist eValue has launched a "Better Outcomes for All" campaign to encourage the pensions and investment sectors to better serve the investing public.

The Financial Ombudsman is set to release figures tomorrow showing a rise of approximately 50% in the number of Sipp complaints it has received in the past year, with growing concerns about Ucis.

Increasing use of income drawdown following the Budget annuity changes could see 20% of pensioners exhausting their funds before they die, pension experts have warned.

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