IFAs square up to 'old rivals'

The provider is calling for a Dad's Army of volunteer advisers in the shape of the country's 10 million-strong grandparent population to warn their grandchildren of the perils of not saving enough for retirement. Sadly, many grandparents are well positioned to use their first-hand experience of poverty in retirement to convince younger people about the merits of long-term savings, Virgin Money says. "A quarter of our Senior Citizens are living in relative poverty and know all too well how hard it is to live on state pensions alone," a spokesman says. "Despite this, over a third of ...