'Unrealistic' to expect pre-retirees to take regulated advice - Hargreaves

Advice is expensive and most investors are capable of managing their own savings, with a little help, the fund seller said. Hargreaves is calling on the pensions industry to re-think its approach to pre-retirement planning - because existing processes "aren't working". It has written to the Treasury, Department for Work and Pensions, Financial Conduct Authority (FCA), Association of British Insurers and National Association of Pension Funds to propose a "fundamental review" of the system. Hargreaves has set out a five-point plan it believes should be implemented across the sector t...