Retirement
Retirement strategies must change to keep up with inflation
CPI hit 9% in April 2022 and is set to rise further in the UK
2.5 million UK adults to be dragged into higher rate tax band
But ‘now have a much bigger incentive to put more money into their pensions’
7IM boosts retirement planning services with partnership
It wants to create flexibility for financial advisers and their clients
UK warned about high DC scheme costs with illiquid assets plan
Move would add ‘regulatory burden’ and deliver ‘little for members’
Five ex-directors banned over unsuitable pension advice
They have also been fined over £1m in total