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Major stock market moves on one day could prompt nearly 60% of income drawdown investors to revamp their portfolios, with 21% moving their money into cash, according to a new study.
Selectapension has wound up its subsidiary arm that executed defined benefit advice.
SIPPs and SSAS firm Dentons Pension Management has made a series of new appointments.
Experts have hailed the onset of a ban on pensions cold calling which came into force today.

MPs on the Works and Pensions Committee have voted to investigate contingent charging on pension transfers but some in the industry are sceptical about the benefits of such a move.

The UK public expects the age at which they are entitled to receive the State Pension to increase to 70, a new survey has found.
A survey of 700 DIY investors has revealed a raft of concerns from pension tax relief to ISAs.
The State Pension is 110 years’ old this week but an increasingly ageing population could spell future uncertainty according to experts.
New research from The Nottingham Building Society has revealed that 39% of retired people in the UK claim that they are having the best time of their lives since they stopped working.
The Single Financial Guidance Body (SFGB) began its work this week as it starts to take over from previous bodies.
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