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Pension deductions from pay will treble for more than four million employees from today.

The Work and Pensions Committee has called for a package of measures to create better informed, more engaged pensions savers, and a “default decumulation pathway” to protect the less engaged.

The sale of IFA Saunderson House has been abandoned by parent company IFG Group, parent company of SIPPs firm James Hay.

A programme of enhanced workplace savings, including a SIPP, has been launched by Scottish Widows.

SIPP and platform provider AJ Bell has been forced to pay £500 to a customer to compensate for loss of interest.

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