Retirement
US children unlikely to choose parents’ adviser
Financial services professionals need to start early – before money is inherited
Retirement care costs in Hong Kong to rise sixfold in 40 years
The number of retired people in need of care will rise to 11% of the overall population
Advice firms and directors draw wrath of UK watchdog
They recommended pension switches and transfers to products that invested in high risk, illiquid assets
Hong Kong reverse mortgage product to support retirement
It will use a life policy as ‘collateral to draw down loans’
Canada Life adds more generous equity release product
It will be available to homeowners aged 60+ who can borrow up to £1m against their house

