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The cross-party Health and Social Care Committee has described pension tax rules a “national scandal” in a new report.

The Financial Services Compensation Scheme has declared two advice firms in default with over 88 pension transfer claims between them.

Four in ten decumulation products bought in 2021 were purchased without professional advice, according to product sales data from the Financial Conduct Authority.

A new survey warns that many Baby Boomers - those aged 58-75 bracket - are being forced into early retirement and would prefer to retire later - past 70 in many cases.

A group of MPs have called for an auto-enrolment mechanism to be introduced for self-employed to get more saving into pensions.

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