A retirement planning study has found that more than eight out of 10 people underestimated how long they were likely to live after giving up work.
People set to retire this year will be spending £3,000 per year on average helping family members who are struggling financially.
Retirement planning advisers have told how regulation is their overriding fear in the wake of RDR.
A wealth management firm based in London has announced it is opening its first office in Wales.
Only about two in ten Britons are putting money aside for retirement – a fall by 16% since 2007 – a study on savings trends has discovered.
Nearly three quarters of those looking for an annuity lack the confidence to arrange one without the help of an adviser, research shows, as a major review of the sector moves into its next phase.
The Government has a role to play in fixing the failing annuities market, the Financial Services Consumer Panel says, following a damning FCA report published today.
The FCA's review of annuities fails to go far enough and will be too slow to help thousands of retirees, a pensions director says.
The FCA is to launch a competition market study after concluding that the annuities market is failing consumers.
Over a third of British consumers (37%) say they'll never save or invest for their retirement – compared to just 22 percent of people globally, according to a new study by Nielsen.
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