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The Financial Conduct Authority is consulting on a rule change which may mean open ended property fund investors being required to give 180 days notice for a withdrawal of funds.

Mattioli Woods, the SIPP and wealth management firm, has received FCA approval for its £25m takeover of private client firm Hurley Partners.

Over 120,000 SIPP and SSAS savers may be owed compensation of up to £80,000 each due to errors in relation to property transfers, according to Cornerstone Tax.

HMRC has reported that £2.3bn was withdrawn from pensions flexibly in Q2 - a 17% fall year-on-year from the £2.8 billion seen in Q2 2019.

The FCA is to consult on tougher rules to protect millions of vulnerable consumers.

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