Savings into defined contribution pension schemes increased by more than one fifth last year to £5.4bn, according to figures from The Pensions Regulator. According to TPR’s DC Trust report, £48bn is now saved in DC pension schemes. Member numbers increased by 29 per cent to 12.6 million people. Master trusts account for 10 million DC […]
Robo-advisers will increasingly move towards hybrid models over the next year, combining the human touch with machine learning, experts predict. Scalable Capital, the Europe-wide robo firm, which has received financial backing from investment giant BlackRock, has just started offering telephone and face-to-face advice for clients who want to progress beyond an initial free session. Nutmeg and Moneyfarm […]
Contrary to popular belief, we have not yet seen the real wave of post-War babies reach their 60s – and millions have deferred DB pension wealth Something significant is about to happen that will affect all those involved in the giving of advice in the UK from 2020 onwards. In the five decades following the […]
LEBC Group grew its trading profit to £3m, in the 12 months ending 30 September 2017, a more than 40 per cent increase on the previous year. The national firm reported turnover of £18.1m for period, up from £15.6m the previous year. The firm could also be set for more profit increases at the close […]
A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.
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