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Standard Life has declared its intention to build a major national financial advice business by agreeing to acquire wealth management firm Pearson Jones from Skipton Building Society.
AJ Bell has called for simplification of the rules governing uncrystallised funds pension lump sums (UFPLS) and said demand for the option may not exist in the retail market.
Proposals to let defined benefit (DB) members with small pots transfer out without taking advice are supported by the industry, according to research carried out by Professional Adviser sister title, Professional Pensions.
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Pension administrators will be required to provide HM Revenue & Customs (HMRC) was additional information before setting up new schemes as part the crackdown on pension liberation.
People who opted to take greater retirement income through the money purchase scheme pension option have been left unable to take advantage of pensions freedom, a provider has said.
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Axa Life Invest has added a death benefit guarantee to its drawdown offering to protect the amount passed on to family or dependents if a client dies before age 75.
Parmenion is set to upgrade its in-house self-invested personal pension (SIPP) wrapper when the retirement freedoms unveiled at last year's Budget are rolled out on 6 April.