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A ‘disturbing’ report has intimated that as many as 3 in 10 people using the pension freedoms have taken out funds only to put them in a bank account.
A new property guide has been created to help advisers purchase and manage commercial property investment within a Sipp.
FCA officials are assessing reactions to plans for a complete ban on early exit penalties for new pension contracts.
The pension is effectively becoming the new family heirloom, a Chartered Financial Planner says, as younger generations look to inherit cash rather than things.
A new Retirement Quality Mark to ensure products operate in the customers’ best interests is set to be launched later this year.
Average income for retired households continued to rise following the economic downturn and has gone above the 2007/08 level – in contrast to non-retired households which have failed to get back to that same peak.
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