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Transferring wealth between generations is as important to clients of Financial Planning firms as retirement, according to a new study.

Changes to salary sacrifice would cause confusion, reduce benefits to employees, and disincentivise pension savings, The Society of Pension Professionals has warned.

The Upper Tribunal has upheld a ban on two "reckless" financial advisers who were involved in 1,470 mostly 'flawed' pension transfers worth over £392m.

Dan Olley, CEO of Hargreaves Lansdown, is to leave the firm less than two years after taking up the helm.

Central Markets Investment Management (CMIM) Limited (FRN: 475828) has been declared in default by the Financial Services Compensation Scheme (FSCS).

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