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Research by a financial provider has found that eight out of ten over-50s (78%) “significantly underestimate” how long they are likely to live - a gap that means many could run out of pension cash, it says.
When SIPPs were created in Chancellor Lawson’s Budget speech back in 1989, the world was a different place. We were pre-financial crisis, pre-simplification, pre-freedom and choice and less engaged with saving for the long term, in part due to the pensions industry having been dominated by DB schemes.
To coincide with the Black Friday shopping frenzy today, pension and software provider Selectapension is offering financial advisers up to £100 off all new subscriptions.
Financial Planners have reacted with relief that pensions were largely left untouched by the Chancellor in today’s Budget and were broadly positive on some of the moves to help first time buyers.
Here are some of the key points from the Chancellor’s Budget Nov 2017 announcements:
The directors of a payday loan company who used money from a pension liberation scheme to pay off company debts have been banned for a total of 20 years.
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