Retirement
60% of wealthy Asia clients snub succession planning
Three-in-10 see ‘no perceived need’ to put a strategy in place
Fraud costs pensions industry around £6bn a year
Sector must ‘better protect the fruits of peoples’ labour’ rather than fund retirement for fraudsters
Platform launches digital Sipp with 0.6% annual fee
It has been designed to help people take saving for retirement into their own hands
Around 370 firms exited DB pension space in last two years
FCA chief says that large investigation may have found mis-selling in the market
Over 1.5 million Brits aged 55-64 have no private pension
UK is ‘chronically under-saving’ and figures reveal a ‘worrying hole’ in nation’s preparations