Turning 50 is set to become a milestone in pension planning as, following a recommendation from the regulator, providers begin to issue savers with their first retirement wake-up packs earlier than ever before. Here, we look at ten tips advisers can share with clients...
The Financial Conduct Authority (FCA) wants retirement wake-up packs sent out earlier than before, from age 50, and then every five years to encourage earlier and more effective engagement. The regulator made the recommendation as part of its Retirement Outcomes Review released yesterday. At present, wake-up packs are sent out just four to six months before a scheduled retirement date that could have been set up to 40 years previously, according to Hargreaves Lansdown. Here the firm sets out its top ten pension planning at 50 tips which advisers can share with clients who are s...
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