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DB transfer values fell 8% in the second quarter, according to the latest data from XPS Pensions Group.

Fintech and support services firm Fintel, the owner of SimplyBiz and Defaqto, has acquired digital knowledge and competence management system Competent Adviser.

Only 39% of pension savers are on track for a moderate retirement income of £23,300 a year.

The cost of a comfortable retirement has increased by nearly a fifth in the last two years as average spending by retired households climbs to £23,675 a year, new analysis of the latest Government data has shown.

Despite the significant improvement in annuity rates over the past 18 months, only 14% of 50+ year olds who are at least fairly familiar with annuities consider them to currently offer a good rate.

The Financial Services Compensation Scheme is investigating two failed adviser firms, including one hit with claims over SIPP advice.

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