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A former senior manager at AXA and Partnership Assurance has moved to Xafinity to head up sales.

James Hay has announced it will close its Manchester office as part of a strategy to focus on its bigger centres.

The head of AJ Bell has called on the Government to change the pensions system, including scrapping the lifetime allowance.

Pension members could be throwing their money away by leaving schemes early due to the reduction in the Lifetime Allowance, an investments firm has warned.

A fifth of people aged 65 and over have borrowed money or expect to do so to pay their retirement, research indicates.

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