The findings of a survey on pensions advice reinforce the need for the Government's guarantee of one-to-one guidance to be genuinely unbiased and neutral and not delivered by the industry, Which? has said.
A new survey suggests that one in 10 higher earners fail to make a personal contribution to a pension and on average higher rate taxpayers miss out on £2,500 a year in tax relief each – equivalent to £225m a year for all higher earners.
The FCA has today outlined how its probe into the failing annuities market will examine the changing landscape in pensions created by the Government's overhaul of the system.
The taxman's decision to take away venture capital trust status from Oxford Technology will be reviewed – meaning the status is reinstated for the time being at least.
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