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Flagship study shows a quarter missing out on advice despite need

A quarter of UK adults might need financial advice, but have not taken any in the last twelve months, an FCA study has found. Just three per cent of UK adults aged 35 to 44 have had regulated financial advice in the last year, the flagship survey of around 12,000 people shows. 21 per cent […]

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Providers want Govt action on lump sum tax and advice gap

Providers are calling on the Work and Pensions Select Committee to tackle the advice gap and tax on pension withdrawals in its review of pension freedoms. The committee said last month it was opening an inquiry into whether the pension freedoms are achieving their objectives and if policy changes are needed. In its submission to […]

Prudential annuity book sale inches closer

Prudential is sounding out potential buyers as it prepares a four-way break-up of its £10bn annuity book in the UK, according to reports. The insurance giant has told buyers in the last few weeks that four chunks of annuity book valued at between £2bn and £3bn each will be offered. To attract a range of […]

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