Retirement
‘Woeful’ British Steel IFA company fined £2.4m
It provided unsuitable pension transfer advice to both BSPS and other DB members
FCA wants pension providers to boost consumer engagement
As it sets out standards to make sure savers can access ‘value for money products’
UK retirees suffer £210m state pension shortfall
DWP identified nearly 32,000 instances where it underpaid pensioners since January 2021
Millennials prioritise parents over inheritance
Preferring they have a comfortable retirement rather than gift money
UK government commits to ‘unsustainable’ pension triple lock
Calls for system to be assessed to find a ‘fairer way’ to raise the state pension
