Pension
Financial software firm buys Sipp tech business for £23m
Acquisition will broaden product suite and offering
Over half of full pension withdrawals done without advice
Which puts people at risk of significant income and inheritance tax charges
Reports Royal London ‘in merger talks’ with LV
But a ‘number of parties’ also interested in the deal worth over £500m
Retirees at risk of losing £100,000 amid covid-19
‘People should explore every possible alternative’ before reducing or stopping pension contributions
Younger savers not aware pensions are invested
Over a quarter believes funds are set aside and left untouched until retirement