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A pensions firm has reported a record year for commercial property and land investments within its Sipp and SSAS products.

Customers with drawdown pensions at Standard Life have amassed £10bn in assets under administration, suggesting the schemes are becoming a serious alternative to annuities.

A former senior manager at AXA and Partnership Assurance has moved to Xafinity to head up sales.

James Hay has announced it will close its Manchester office as part of a strategy to focus on its bigger centres.

Pension members could be throwing their money away by leaving schemes early due to the reduction in the Lifetime Allowance, an investments firm has warned.

The head of AJ Bell has called on the Government to change the pensions system, including scrapping the lifetime allowance.

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