New research has revealed that nearly 3 in 10 people who have taken money out of pensions since the freedoms have stashed the money in a savings account.
A successful legal challenge has been mounted against HM Revenue and Customs by Hargreaves Lansdown which could see £15m returned to investors.
Sipp experts have warned that a provider’s legal triumph in its battle with HMRC over in specie contributions is “not the end of the story”.
A Sipp provider has won its legal battle with HMRC over in-specie contributions.
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