Overboard on acronyms

In the next 12 months, over half a million people are expected to retire. With the baby boomers now coming up to retirement this is likely to peak at over 800,000 a year in three years time* That is over 15,000 a week. Currently, the 35% of these who do actually shop around for the best annuity are mostly going to IFAs. The average fund size is less than £30,000.00** Quite possibly the financial product that has had the most tinkering and interference from the State has been pensions. Even Pensions Simplification was re-named by those in the industry as Pensions Complification! So how mig...