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A report on the pensions awareness of Britain’s under-35s has exposed widespread ignorance of the pensions freedoms, two years on from the changes.
SIPP provider Liberty SIPP says it has nearly doubled the value of its assets under administration in the past year, breaking through the £1bn mark for the first time.
Research carried out for the second anniversary of the pension freedoms has revealed major changes in pension saving with millions saving more but also being more realistic about their retirement pots.
The much-vaunted Pensions Dashboard, a project to allow pensionholders to view all their pension savings in one place, will move a step forward next week as developers compete to build potential applications.
The Association of Member-Directed Pension Schemes (AMPS), the body representing SIPP operators and SSAS practitioners, has voiced concerns about introducing a product levy to fund the FSCS and says the role of advice in causing later claims needs to be studied.
SSAS market- outright ban or just fix what is broken?
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