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Aviva, new sponsor of the Institute of Financial Planning, has unveiled its auto-enrolment solution ahead of the launch next week.

The Department for Work and Pensions (DWP) says more than 500,000 people are expected to saving in a workplace pension through auto-enrolment for the first time by Christmas.

The amount of money being saved into defined contribution (DC) pension schemes has increased, according to the Office for National Statistics.

Preston-based financial advisory group Taylor Patterson has announced the promotion of four associate directors to director status.

The average 50-year-old believes they need another £50,000 in savings and investments including pension and property equity in order to feel financially secure, new research* from MetLife shows.

The Skandia businesses within the Old Mutual group will be merged into a single business called Old Mutual Wealth. 

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