View more on these topics

Resolution foundation meets today

The Resolution Foundation is holding its first conference today to discuss its research on access to financial advice for those excluded by poverty.

The foundation is chaired by Resolution Insurance chief executive Clive Cowdery, while speakers today include Pensions Minister Stephen Timms, Clive Briault of the FSA, Baroness Sally Greengross and Mick McAteer of Which.

The foundation’s research has found 12 million people exist in a financial advice gap, independent of state support but with below median earnings. They save less than the UK average and worry more about income in retirement.

Resolution foundation chief executive Sue Regan says: “People living in the financial advice gap deserve a better deal. Today’s conference illustrates that all sectors and stakeholders are prepared to engage with how to find solutions to filling the financial advice gap.”

Recommended

New fees go towards paying FSA pensions

The FSA says it is using addit-ional income from mortgage and general insurance regulation to help pay off its 35m pension deficit. The regulator says it will use “unplanned income” primarily from higher than expected auth- orisation fee inflows to raise its pension deficit payment from 6m to 9.7m. Its deficit was valued at 35m […]

NAPF helps set up mediation service

Mortgage provider Home of Choice is planning on branching out into pensions and investments. It is looking for a partner to introduce business to with a launch planned later this year.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment