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Two-fifths ( 39%) of pension savers say that a guaranteed income is their main priority in retirement.

The Pensions Management Institute (PMI) and the Society of Pension Professionals (SPP) have today issued a united call for improvements to the Pension Schemes Bill.

Financial Planners at wealth manager Rathbones have reported a surge in client queries about estate planning amid concerns of possible changes to the IHT regime in the forthcoming Budget.

SSAS administration and integrated professional services provider WBR Group has made two key promotions to strengthen its technical and proposition capabilities, it said.

People who expect to rent during retirement could need an additional £398,000 in savings compared to those with no housing costs.

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