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Three quarters (73%) of retirement savers either can’t afford to retire or were unsure if they could afford to retire, according to a new report.

The Financial Conduct Authority (FCA) has issued warnings over two firms offering financial advice without its authorisation.

SIPP industry veteran John Moret has called on the Treasury to review and rewrite SIPP regulation, saying the current framework is ‘a mess and not fit for purpose’.

New emergency asset retention rules from the Financial Conduct Authority (FCA) have been applied to 101 firms who provided pension transfer advice for former British Steel Pension Scheme (BSPS) members.

The number of pension trustees who are encouraging members to take regulated financial advice has increased by 9% over the past year.

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