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Almost 1 in 2 UK adults (48%) shun financial advisers when it comes to retirement planning advice despite evidence suggesting advised clients were far better financially prepared for retirement.
A new report has revealed the best countries in Europe for retirees.
40 million UK adults are “rolling the dice” when it comes to their retirement, admitting that they either have not or did not set savings targets for their retirement.
A pensioner aged 76 who thought he was not entitled to the state pension has received a backdated windfall of £132,800 after intervention from an equity release adviser.
National advisory group LEBC has seen the pension pots of clients buying an annuity grow for a sixth successive year.
Analysis of Government figures by pension and investment firm Aegon has found there are 840,000 retired couples in the UK who have a weekly income which would cost more than £1.15m if bought as an annuity.
Retirees worldwide will outlive their savings by a decade and women will fare worst, according to a report from respected thinktank the World Economic Forum.
The Financial Conduct Authority (FCA) is concerned about how pension freedoms are impacting consumers and quite rightly so, especially with regards to those accessing their retirement savings and not taking advice, putting them at risk of running out of money, or worse, being scammed.
Chartered Financial Planning firm Belmayne is among the first firms in the East Midlands to sign up to a new professional code of practice governing pension transfers.
Financial Planning firm LEBC has launched a new guide to pension disparities between genders.
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