‘Common sense’ prevails as pension freedom withdrawals fall 17%
But drop is expected to be ‘a short-term blip’
AJ Bell
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IHT receipts fall for the first time in a decade
‘Hard to believe’ that inheritance tax is not ‘under the microscope’ to fill hole in UK budget
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UK Chancellor orders review of capital gains tax rules
As government rolls out consultation seeking industry input
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Over 80% of UK advisers call for annual allowance reform
40% want ‘deeply unjust’ MPAA scrapped altogether to ease the covid burden savers are facing
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DB pension transfers hit £10bn in Q4 2019
Nearly 100% increase from the total withdrawn in the previous quarter
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Will covid-19 push retirees to riskier investments?
As fraudsters take advantage of pandemic to target savers
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Temporary mini-bond marketing ban to be made permanent
FCA demanded firms stop advertising to retail clients following growing concerns and failures
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Pensions ‘triple lock’ edges closer to precipice
Implications of coronavirus outbreak would make the UK policy unaffordable
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HMRC collects extra £540m from lap dancers and dog breeders
Specialist task forces recoup record sum as UK tax receipts plummet by over 40% in April
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AJ Bell to open platform to third party DFMs in H2 2020
It will provide tax wrapper, custody, dealing and settlement services
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Younger savers very vulnerable to pension scams
Double whammy of high fees and HMRC unauthorised payment charge could leave retirement in tatters
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HMRC pays back record £166m in pension freedoms tax
‘Whole system is complex and there is a clear need to review how it works’