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A premier league of five to seven major providers will own about 90% of DC workplace pension scheme assets by 2020, industry experts have forecast.
Nearly two out of three people currently employed expect to have to work beyond 65 and 11% are anticipating they will be working beyond 76 or will never retire.
Many savers are oblivious to how their pensions work, a survey has suggested after finding ignorance on a number of key basic points.
Several advice firms are braced for FCA punishments after consumers were advised to switch their mainstream personal pensions into Sipps through ‘improper delegation’ to unauthorised firms.
There are ‘ominous’ signals over pensions tax relief that a ‘bloody nose’ is still to come despite the Chancellor’s silence on the subject yesterday, industry figures have warned.