November 2017


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  • More over 50s planning to seek financial advice on retirement options

    12 November 2017

    The number of over 50s planning to seek financial advice about their retirement options is on the rise, new research from Retirement Advantage has revealed. The data, featured in the Retirement Sentiment Index report “Expanding Horizons”, showed that 42% of those over the age of 50 plan to speak to a financial adviser about...

  • What are your clients spending their income on?

    8 November 2017

    The average person will spend a hefty £686,000 on household bills over the course of their life, according to a new study by Compare the Market. The poll of 2,000 bill payers found the average household will pay out £11,379 a year on energy and water bills, mortgages or rent and insurance and loans,...

  • Working retirees cautioned re pension contributions

    8 November 2017

    As five million over 50s say they plan to continue working after retirement, this could see them fall foul of tax laws, new research by Retirement Advantage highlights. Research carried out on over 50s retirement plans showed that 49% want to continue working in some capacity after reaching retirement, with 43% planning to work part-time,...

  • Workplace pensions are minefield for millennials

    6 November 2017

    Workplace pensions remain a minefield for many millennials, according to new research by Aegon. The research revealed that nearly a quarter of the respondents aged 18-34 years old with a workplace pension had no idea how much their employer pays into their workplace pension and 41% said they were unaware that they get tax...

  • Call for death benefits to be made easier to understand

    1 November 2017

    AJ Bell is calling for a change in the death benefit rules, as its latest research reveals the majority of UK adults with personal pensions are confused about what happens in the event of their death.   The findings revealed only 7% of those with a personal pension could correctly identify how their pension...

  • Multi-pot capability across wrappers: Giving clients control and composure

    31 October 2017

    “What are your plans for retirement?” This simple question leads very quickly into a complexity of choice and risk, the landscape in which financial advisers operate, as they solve problems for their clients, says Patrick Ingram, Retirement Specialist at Parmenion. Let us take the everyday situation of a couple approaching their 65th birthdays. They...

  • Viewing drawdown as a product risks creating poor consumer outcomes

    25 October 2017

    Responding to the FCA’s retirement outcomes review, Tom Selby, senior analyst at AJ Bell, argues that there are risks in regulation addressing drawdown as it would an annuity. The rushed nature of the pension freedoms announcement in 2014 meant there was always going to be a certain amount of regulatory catch-up. As the dust...

  • Millennials focusing on workplace pensions

    24 October 2017

    Millennials are placing increasing importance on workplace pensions as part of their efforts to save for a comfortable retirement, according to the latest research by Prudential.  The research revealed that nearly six out of 10 younger workers in their first 10 years of employment considered the quality of their current employer’s pension scheme before...