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The value of unclaimed savings in pension pots that people have lost track off could be as high as £19.4 billion – at least six times more than previously estimated.

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Chancellor Philip Hammond will deliver his Budget on Monday, October 29, avoiding his believed initial choice of October 31 and the potential for Halloween-themed headlines.

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Pension transfer values have come under the spotlight again after schemes were asked if they were being too generous with offers of lump sums to savers looking to cash out.

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The pension records continue to tumble as £2.3 billion was withdrawn under the freedoms legislation in the second quarter of 2018. Savers accessed the largest quarterly sum from their pots since the freedoms were introduced, an increase of 35 per cent on the first three months of the year. There were 574,000 payments made to […]

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How can you avoid a nasty tax bill at the time when you are grieving the loss of a loved one?

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