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Financial advisers have reported a surge in worried clients contacting them with Budget-related questions on pensions taxation and wealth management, a survey by AJ Bell has revealed.

The Financial Conduct Authority is ‘up for’ taking on greater risk and its more ‘radical’ reforms are ready ‘for take-off’ according to chief executive Nikhil Rathi.

Younger workers are much more money-minded than people might expect and are saving aggressively to achieve an ambitious retirement, according to a new report.

AJ Bell’s platform customer numbers increased by 66,000 over the past year to nearly 542,000, up almost 14%.

The UK’s wealthiest retirees paid themselves annual pension income of around £3m each last year but lost almost half of that in tax, according to figures published for the first time today.

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