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
Andy Woollon: Always look on the bright side of life (and estate planning)
Greetings, pop pickers
Anna Murdock: How school fees could pay for themselves
The gift of education
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
More news
Timeline enters fact find and risk profiling markets
Launches soon
Colin Simmons: Putting lockdown savings to tax-efficient use
Pension boost from lockdown pain
Chancellor Sunak 'likely' to freeze lifetime allowance - reports
Rishi Sunak has plans to freeze the lifetime allowance for the rest of the current parliament in a "stealth tax" on the wealthy, according to The Times.
Ascot Lloyd grows war chest to £100m after deal with US investment group
Made 12 acquisitions in 2020
