Pensions

Wealth management lobby group PIMFA has welcomed the Financial Conduct Authority’s (FCA) proposals to direct disengaged pension savers towards professional support to help them navigate retirement decisions.

One pound in every £6 transferred out of a defined benefit pension scheme went to St James’s Place (SJP) in 2020.

The soaring cost of professional indemnity insurance (PII) is impacting consumers ability to access pension freedoms, Personal Finance Society, has warned.

The number of people aged 70 and over who are working has fallen 22 percent compared to this time last year, analysis from Salisbury House Wealth shows.

People entering or approaching retirement in 2020 should carefully plan how and when to access their pension, Brewin Dolphin has warned.