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Fewer than one in four over-50s who have paid off their mortgage use the extra cash they save to boost retirement savings, according to new research.
Research carried out for wealth manager St James’s Place by The Wisdom Council reveals that only 49% of UK adults understood the pension changes implemented in 2015 and the impact on their choices at retirement.
Members of the British Bankers Association the BBA have voted to merge with three other bodies to form a new trade association for the finance sector which aims to improve trust in financial services.
The Chartered Insurance Institute (and its PFS arm) have voiced its support for the provision of public financial guidance in response to proposals from the Treasury.
Origo has signed another seven SIPP providers to the Options Transfers service in the space of four months, it says.