Retirement

‘They don’t understand the property side of SIPPs'

Court delays and slow progress at the Financial Services Compensation Scheme (FSCS) bring mixed news for investors in failed property scheme Arck as they fight for a resolution to their £60m saga.

Functionality and cost remain the only real drivers behind advisers wanting to switch platforms in an otherwise increasingly ‘sticky' market, a survey has found.

Auto-enrolment savers are underfunding their pension pots due to a "false sense of security" that minimum contributions are good enough, Zurich's Alistair Wilson has warned.

The Chartered Insurance Institute (CII) is considering launching a qualification for product providers' staff who are likely to deal with at-retirement customers.

Financial Conduct Authority (FCA) policy director David Geale has dismissed concerns some retirees have been priced out of advice - but said the challenge was matching those firms able to serve lower income clients with the relevant consumers.

More people than ever are saving for retirement with 56% of the population now putting ‘adequate' amounts aside each month, Scottish Widows research has found.

Hargreaves Lansdown has launched a low-cost retirement planning service aimed at filling the advice gap between Pension Wise and regulated financial advice.

The Financial Conduct Authority (FCA) has defended the methods it uses to calculate advisers' contribution to its annual costs as fair and proportionate, as it confirmed a 10% hike for firms for 2015-2016.

Two north-west businesses have been wound up by the High Court after convincing 209 people to put total pension savings of just under £12m into a fraudulent investment scheme.