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Britons to work longer due to insufficient retirement savings
Half (49%) of workers in the UK plan to work beyond State Pension age, with the average expected retirement age of 72.
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Pension challenge as over 90s at record high
The over-90s population in England and Wales grew by 2.1% over 2022 to a record high of 550,835 people, according to data from the Office for National Statistics.
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Too many Planners relying on averages warns DFM
Too many Financial Planners are relying on averages for their retirement income planning process, according to DFM Hymans Robertson Investment Services.
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Pension transfers soar 22% in 2023 to 1.2m
The number of defined contribution pension transfers in 2023 soared by 22% to 1.2m despite predictions of a decline in the market.
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FCA warns 'reckless' pension transfer specialist of action
The FCA has issued a warning notice to a pension adviser it has branded “reckless” after they gave unsuitable advice to customers to transfer out of their DB scheme over a four year period.
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