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Most members of pension schemes are likely to turn down the option to withdraw 100% of their pension rights as a lump sum, according to research from Capita Employee Benefits.
RateSetter, a UK peer-to-peer (P2P) lender, has moved into retirement savings with two Sipp providers – London & Colonial and European Pensions Management, enabling Sipp holders to lend within their pension tax wrapper.
Parmenion has added drawdown features to its in-house Sipp from today (7 April), to enable advisers to take advantage of the new Pensions Freedoms for their clients.
Hargreaves Lansdown has reported that over the past year it has received over 150,000 requests for information regarding the new pension freedoms with over 8% of callers asking about topping up or opening a Sipp.
Xafinity has appointed Garry Crook to its Sipp and SSAS sales team as business development manager.