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A pensions expert says she has been disturbed to discover the new freedoms may be working to the detriment of many retirees as they take out their cash and stash it in savings accounts, suffering a tax hit as a consequence.
I guess by now I shouldn’t be surprised at anything that emerges from the regulator on the subject of Sipps. There have been numerous well documented failures in the advice regime governing Sipps that it’s hard to believe that worse could follow.
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More than one in ten people aged over 60 have no plans to ever retire, fresh research has suggested.
Mattioli Woods is to spend nearly £15m to build a new central Leicester office.
A financial education firm, which has taught nearly 100,000 employees about pensions and retirement planning, has been bought out for £50m.
An ex-director of an advisory firm has been banned for Sipp related failings that left many customers facing losing all of their pension funds.
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