Retirement
IFAs need to be better at promoting the value of retirement advice
Over a quarter of Brits over 55 said they wouldn’t seek support in lead up to retirement
Just 1% of completed pension transfers had red or amber flags
DWP review also finds ‘overseas investment amber flag needs to be more clearly defined or removed’
Annuity rates rise 20% in the last year
A 65-year-old with a £100,000 pension can get up to £7,144 per year
UAE insurance firm rolls out savings plan
It requires a minimum investment of just $20 per month
Pensions dashboards connection deadline delayed until 2026
But DWP says that public may have access before then