View more on these topics

Boomers in denial on effects of the crunch

Nearly two-thirds of baby boomers have not yet reviewed their retirement plans in light of the financial crisis, according to research by The Hartford.

The firm found that only 7.5 per cent of those surveyed have visited an IFA as a result of the turmoil. The report reveals 42 per cent of baby boomers are in complete denial about the credit crunch and its impact on retirement planning, while 23 per cent understand the impact but are confused about how to react. But the research found 35 per cent of people have taken decisive action in a bid to secure the best outcome for retirement.

Hartford Life’s UK managing director Michael Rudge says: “IFAs have a role to play to educate their clients that they should review their retirement plans.”


Firms to follow guarantee rise

MetLife’s decision to increase prices on its income for life and capital guarantees is likely to trigger price hikes by other players, warns Annuity Direct director Stuart Bayliss.Money Marketing revealed last week that MetLife was pushing up prices as well as dropping the maximum equity exposure available on its guarantee from 85 per cent to […]

Private lessons

When we look back in 2017, how will we decide if pen-sion reform was successful or not? Some may think it is only successful if 100 per cent of employers comply with their new pension respon- sibilities, others will be satisfied if 75 per cent comply. Some may deem it a success if it creates seven million new savers, others would disagree if that meant a further five million save less than they did before because employers level down their contributions to existing schemes.

Register for rating firms to cut conflicts

The FSA is planning to supervise credit rating agencies to deal with conflicts of interest.The Turner review calls for agencies to be registered so financial regulators can play a supervisory role, coordinated at European level via colleges, to manage conflicts of interest. It supports EU legislation to address governance and conduct of agencies.Jubilee Financial Products […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm