FSCS declares another pension advice firm in default
Having received 111 claims against it
Pension
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Nearly 50% of Brits retired without reviewing their finances, survey reveals
With only 1-in-10 consulting an IFA
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Platform One partners with UK pension provider on white-label platform
Offering the full range of the provider’s pension products
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75% of advisers concerned about inflation when considering retirement income for clients
While 61% highlighted the challenge of changing regulation
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40% of DC savers don’t know if their pensions are invested responsibly
With 63% saying they would feel more engaged if their pensions were
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UK firm declared in default in regard to pension advice
With FSCS receiving 14 claims
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67% of women aged 41-55 believe they will never retire
As 41% of Brits say finances are impacting their mental wellbeing
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State Pensions on track for second-largest ever Triple Lock increase
As inflation holds at 6.7%
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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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UK digital bank to enter pensions market
After recently launching an investments and wealth arm
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Uprating frozen UK state pensions estimated to cost £4.6bn
Around 480,000 recipients of the state pension living overseas do not get increases
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Brits may pay income tax when inheriting untouched pension pots
As the government considers new rules to replace the pensions lifetime allowance