We are barely a month into the new year and the retirement planning market has been anything but quiet. Stock market turmoil means advisers investing clients' retirement savings are in for a bumpy ride for the foreseeable future.
In addition to feeling the effects of the credit crunch, the market has also been hit by the recent uncovering of a massive loss at French bank Societe Generale. How or why a trader was able to carry out such a large scale fraud is still to be determined but its impact looks set to hang over the investment markets for some time to come. On the pensions side of things we've seen further upheaval at the Department for Work and Pensions with secretary of state Peter Hain tendering his resignation after only seven months in the job. As a result James Purnell has become the fifth person in onl...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
