LPA 'crisis' leaves 1.7 million drawdown retirees at risk
More important since pension freedoms
Four in five retirees (79%) using pension freedoms to manage their retirement savings face a potential 'later-life financial crisis' as they have not yet set up lasting power of attorney (LPA), Zurich has warned.
More than 345,000 retirees using income drawdown to fund their retirement have not yet given a family member or friend the legal authority to make decisions on their behalf if they no longer can. According...
More on Estate planning
Estate planning inertia: How IFAs can help plug the gap
Covid-19 crisis acts as catalyst
Equity release market growth stalls in 2019
£3.4bn released last year
Neil MacGillivray: HMRC v Parry & Others - a case of Russian roulette
Potential IHT liability
Neil MacGillivray: Don't forget the three golden rules of the 'CLSDB'
‘Charity lump sum death benefit’
Robert Gout: LPAs 'essential' for Alzheimer's clients
September is World Alzheimer’s Month
More news
Alistair Ward: Has pre-funding ever been more important?
'Reduce stress levels all round'
Schroders Personal Wealth launches first range of funds
Six risk-rated, multi-asset portfolios
Adviser exits over Covid-19 could dwarf RDR figures - CoreData
Fifth of advisers predict mass-exodus
Pension transfer market maintains performance during lockdown - Origo
Around half a day difference
Pandemic fears reboot interest in dwindling life insurance market - adviser's research
Sales down 26% in last five years
