Nearly three-quarters (72%) of people surveyed say they would not pay for financial advice, according to new research.
Nearly half of financial advisers have reported losing a female client after their partner has died, according to a report by platform and SIPP provider Fidelity.
One in three pension schemes have appointed - or are considering appointing - an IFA to give advice to members, according to data from pensions admins administrator XPS Pensions.
The Association of British Insurers has warned that “alarming” numbers of pension savers are entering retirement and using pensions drawdown without taking any financial advice.
Research for IFA network Openwork has revealed growing untapped demand for financial advice.
Retirees using the Pensions Freedoms are demanding more flexibility on income withdrawal and driving demand for financial advice.
Some 32% of pension savers using drawdown to fund retirement have no investment experience and two in five (41%) of these drawdown beginners have received no financial advice or guidance, according to new research.
In the run-up to pension freedoms people seemed to be speaking about pensions in a different way. There was new excitement over the removal of the need to buy an annuity (even though this had been the case for some time already).
Many years ago (as some of the best stories begin) when I was working for Winterthur Life, I undertook a series of talks around the UK.
Platform and Sipp operator AJ Bell is warning that the distinction between financial advice and other information or guidance services has become blurred and this is having two dangerous consequences.
News from Twitter
Articles by Keyword
AJ Bell
AMPS
annuities
Autoenrolment
Barnett Waddingham
Curtis Banks
DWP
FCA
FOS
FSCS
James Hay
Lisa Webster
Mattioli Woods
Pension
pension freedoms
pensions
pension transfers
Platforms
regulation
retirement
retirement planning
Sipp
Sipps
Ssas
Talbot and Muir
The Pensions Regulator
TPR
Webster
websterblog
Xafinity