Annuity rates up by 54pc in two years
Annuity rates have risen by 54 per cent in just two years as a result of rising interest rates and increased returns on gilts. Figures published by Canada Life some that that...
News
FCA runs field trials on pension engagement
The FCA is working with industry partners to carry out field studies in which they are identifying touchpoints for engaging customers with their pensions by utilising the most effective social norms message....
Financial concerns affecting mental health as 40pc report negative impact
Financial concerns are impacting mental wellbeing, with 40 per cent stating negative effects on mental health, according to AXA UK. According to AXA UK’s second Customer Lifestyle Report, nearly 75 per cent...
Origo appoints chief product officer
Origo has appointed Tom Mullally to the newly created role of chief product officer as it looks to expand its range of services. The technology company, which plays a key role in...
FCA lays out proposals to simplify advice regime
The Treasury and Financial Conduct Authority have laid out proposals to deliver a simplified advice regime, with more targeted support for consumers looking to make financial decisions around retirement, as part of...
Advisers planning AI implementations: research
Around 41 per cent of independent financial advisers (IFAs) haven’t yet incorporated AI tools into their services, but are open to doing so within the next year, according to research from Opinium....
Andrew Warwick-Thompson: the three barriers to private assets
Including private assets in DC defaults is likely to boost long-term investment returns and improve member outcomes through illiquidity and diversification premia. Private assets also offer new sustainable investment opportunities through unlisted...
One in five UK workers delaying retirement date: research
One in five or 18 per cent of UK employees and 32 per cent of those aged 55+ have deferred their retirement date since the pandemic. According to Close Brothers’ Workplace Financial...
Only one-third of Gen X anticipates retirement by state pension age: research
Only one-third of the Gen X cohort, currently aged 43-58, anticipate retiring by the state pension age. According to research by Just Group, a significant number of people born between 1965 and...
Low awareness of AE among young people despite new reforms
Around 23 per cent of young adults have never heard of pension auto-enrolment despite proposals to extend the scheme to 18-year-olds, according to Standard Life. According to Standard Life’s 2023 Retirement Voice...
