Majority at 'high risk'
‘Valuable and concerning research’
Numbers jumped due to auto-enrolment
Climate issues to be included
Young men more likely to seek advice than young women
'Cost and complexity woefully underestimated'
Last in a series of reports on consumer engagement with pensions
Rising state pension age leaves many at risk of losing out
Developing rules of thumb could help members manage their defined contribution (DC) pots more effectively as they save for retirement, a report from the Pensions Policy Institute (PPI) has said.
While pension savers back the upcoming pension freedoms they are ‘daunted' by the scale of choice on offer and want providers to offer them a default investment or drawdown choice, research has found.
Higher rate pension tax relief has been described as being in "its final days" and of "minimal value from a social perspective" by one adviser.
A group of thirty international pension experts has challenged the Pensions Policy Institute's (PPI's) claim that planned reforms will significantly reduce the gap between public and private sector pensions.
Equity release could play a bigger role in funding long term care "if we had more certainty around state benefits" says director general of SHIP, Andrea Rozario.
Just 2% of retirees in the UK will have enough money to meet the government's new minimum income requirement (MIR) and use flexible drawdown arrangements, research suggests.
The chief executive of UBS has attacked the government for its neglect of the City, warning tougher regulations could see investment banking businesses move from the UK and Europe to Asia and the US.