Pensions dashboards: What we know (and don’t know) so far
AJ Bell’s Rachel Vahey runs the rule over everything you need to know about the upcoming pensions dashboards
Money and Pensions Service
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Just under half of Brits believe the possibility of retiring early is low
As only 37% of 18-65-year olds feel confident about planning for their later life
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Less than half of UK children have been financially educated
Money and Pensions Service announces goal to teach two million more young Brits about money by 2030
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How can the advice industry improve public opinion of IFAs?
Lack of financial education and opacity around charging ‘contribute to a lingering sense of suspicion about the profession’
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PEOPLE MOVES: FSCS, Maps, SEI
UK lifeboat scheme and pension service announce CEO exits
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44% of pension transfer amber flags raised for ‘unknown’ reasons
Money and Pensions Service does ‘not appear to be proactively improving the data they are collecting’
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Low-risk pension transfers being ‘needlessly halted’, says Quilter
‘There is a clear divergence between policy intention and the practical application of the law’
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UK regulators join forces to improve outcomes for consumers
It is a ‘significant step forward’ for the industry
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Fix retirement advice sector, industry and government told
Some 40% of flexible income withdrawals were at an ‘unsustainable annual rate of 8% and over’
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PEOPLE MOVES: Waverton IM, Brooks Macdonald, Cazenove Capital
CEO named at investment manager, while wealth firm announces two promotions and a departure
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10 years to turn around financial wellbeing in the UK
Attitude and culture changes to education, savings and later life planning high on agenda
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Brits’ pension knowledge leaves a lot to be desired
Over half do not know they can access their retirement pot early due to ill health