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The number of savers making contributions over the annual allowance of £60,000 surged 34% in the last tax year, according to new data.

A new call has come for financial services firms to collaborate and establish industry practices to address concerns around customers who have been impacted by gambling.

SIPP contributions have soared since President Trump’s tariff announcement, according to Hargreaves Lansdown figures.

The FSCS declared five regulated firms in default in February and March, well down on the 12 firms in default in the same period last year, however one of the firms facing the biggest compensation bills - Alexander David Securities Ltd - was linked to SIPPs.

Wealth adviser and pensions firm Westerby Group - which recently moved to an employee-ownership model - has acquired specialist pension provider and IFA firm Redswan.

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