Quilter says £682,000 pension pot needed for a comfortable retirement
For a couple, the pot required is £772,000
PLSA
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PLSA says £44k retirement income now needed to be comfortable
The figure for a retired couple is £60,600
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Inflation drives cost of retirement up 20%
Clients may need to rethink their financial plans for later life
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UK trade body calls for pensions dashboard ‘grace period’
April 2023 deadline does not give providers enough time to live test
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PEOPLE MOVES: DeVere Group, Zurich, Barclays Private Bank
Advice firm names CEO of its electronic money operation, as insurance giant makes c-suite change
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PEOPLE MOVES: Credit Suisse, Team AM, Vontobel Asset Management
Swiss banking giant bolsters international wealth arm, as Jersey firm names head of client relations
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First ever diversity guide published for UK pensions industry
It will set in stone best practices for inclusivity
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IFA tech provider unveils retirement living standards tool
It can be white-labelled by financial institutions and is also available to the general public
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PEOPLE MOVES: Provisca director joins Continental in global role
Industry veteran Richard Williams has left international product distribution firm Provisca to build a global network of financial adviser partners for Dubai-headquartered Continental Group.
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Stricter rules needed to tackle pension scams
The majority of UK adults want stricter rules put in place to ensure their pension pots are secure, according to research by the Pensions and Lifetime Savings Association (PLSA).
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Cold-calling ban questioned as gov’t plans ‘swifter’ launch
The UK Government is planning to “swiftly” introduce a pension cold-calling ban, but has come up short on setting an exact date, as industry commentators have questioned how effective a ban will be in stopping criminals.
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Vultures already circling Carillion DB pensions
Just a day after Carillion entered liquidation, the Pensions and Lifetime Savings Association has warned that it has already seen signs that scammers are looking to exploit defined benefit (DB) scheme members.