A pensions firm which has recently warned about that retirees face a major financial shortfall has welcomed research finding a healthy attitude among 18-24 year olds towards savings.
More people would find it easier to explain the existence of ghosts and detail the offside rule than would be able to describe annuities and pensions.
Another major pensions company has predicted its annuity sales will plummet following the Budget.
Friends Life has confirmed it is raising a fee on some Sipp products by 21.2%, affecting about 2,000 customers.
The Financial Planning industry must do a better job of explaining the importance of pensions to the general public, a retirement planning expert says.
A financial shock is awaiting many women when they pack up work, with annual incomes £8,000 beneath what they believe will give them a comfortable life, a study indicates.
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