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BSPS-linked adviser firm in default says FSCS
The Financial Services Compensation Scheme (FSCS) has declared BSPS-linked South Wales-based Niche Independent Financial Advisers Ltd (FRN: 472635) as failed.
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8% rise in advised customers at AJ Bell
Total advised customers at platform and SIPP provider AJ Bell rose 8% year-on-year in the quarter ending 31 December, according to a trading update today.
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Pension challenge as over 90s at record high
The over-90s population in England and Wales grew by 2.1% over 2022 to a record high of 550,835 people, according to data from the Office for National Statistics.
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Britons to work longer due to insufficient retirement savings
Half (49%) of workers in the UK plan to work beyond State Pension age, with the average expected retirement age of 72.
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Pension transfers soar 22% in 2023 to 1.2m
The number of defined contribution pension transfers in 2023 soared by 22% to 1.2m despite predictions of a decline in the market.
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