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The consultation on the draft legislation for the removal of the lifetime allowance (LTA) has now closed. The industry has given its views and now we have to wait and see what changes – if any – are made to the clauses published so far.

Parmenion has added drawdown features to its in-house Sipp from today (7 April), to enable advisers to take advantage of the new Pensions Freedoms for their clients.

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