More than half of couples over the age of 40 are at risk of leaving one partner penniless in retirement in the event that the other one dies because they have failed to sort their financial affairs.
Prudential has removed its guarantee to keep withdrawals free of market value reduction (MVR) charges on its with-profit bonds and pensions, blaming rising costs.
The Association of British Insurers (ABI) is to enhance its guidance on unit-linked funds after a Financial Conduct Authority (FCA) probe uncovered "specific" failures in some insurers' governance of the investments.
Today marks a year since workers began being placed onto pension schemes under the government's automatic enrolment programme, and wiith the number of people choosing to 'opt out' of a savings scheme much lower than anticipated, analysts have tentatively...
Cofunds has reinstated the platform charge on its self-invested personal pension (SIPP) after adding trading accounts to client funding options.
Government should implement an early warning system so people can get advice on their pensions ten years from retirement age according to Axa Life Invest.
More than 12 million UK workers face retiring on inadequate incomes even with the introduction of compulsory pension saving, according to official government estimates.