Retirement specialist Just Retirement has partnered with wealth management technology firm GBST to power its new platform for retirement savings to be launched in the coming month.
The firms built the Composer platform for a range of "low cost" passive funds which will allow clients to stay part-invested when buying an income for life. Advised clients will be able to keep their savings invested in a pensions tax wrapper, and to draw from it when needed. Pension savers qualify for up to 45% tax relief when paying into their pension, depending on how much income tax they pay and subject to an annual limit of £40,000. The government has this April freed up the retirement income space, allowing savers aged 55 plus to access their pots in any way they please. W...
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