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Mattioli Woods, the SIPP and wealth management firm, has received FCA approval for its £25m takeover of private client firm Hurley Partners.

HMRC has reported that £2.3bn was withdrawn from pensions flexibly in Q2 - a 17% fall year-on-year from the £2.8 billion seen in Q2 2019.

The FCA is to consult on tougher rules to protect millions of vulnerable consumers.

Over 120,000 SIPP and SSAS savers may be owed compensation of up to £80,000 each due to errors in relation to property transfers, according to Cornerstone Tax.

The Work and Pensions Select Committee has launched an investigation into pension scams as part of its inquiry into pension freedoms.

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