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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.
New research1 from Baring Asset Management (Barings), the investment manager, has found that significantly more people are turning to friends or family for advice on their pensions while the number of people turning to financial advisers remains flat.
Over 75 per cent of workers have no idea how much their company pensions are worth, according to Prudential.
Sipp provider Suffolk Life is holding a series of seminars nationwide to help financial advisers understand Sipps.