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Create national retirement income targets to help savers, trade body says

National retirement income targets should be developed by the government and pension providers to help millions of people save adequately for retirement, an influential trade body says. A report published today by the Pensions and Lifetime Savings Association finds 80 per cent of people are not confident they are saving enough for retirement, which equates […]

FCA working group recommends five voluntary cost disclosure templates

The group tasked with increasing investment cost transparency has released its recommendations, including suggesting five fee disclosure templates. The institutional disclosure working group, led by transparency champion Chris Sier, was created by the FCA last September following the package of remedies outlined in the FCA’s  final report into the asset management industry. The group published a […]

Trustees banned for pushing transfers into high-risk investments

The directors of two pension trustee and administration firms have been banned from running any company for 21 years for their role in persuading unsophisticated investors to move to schemes backed by high-risk investments. Roger Bessent, Matthew Bessent, Neil O’Donnell and Tracy Park were directors of Preston-based Gleeson Bessent Trustees, which serviced a number of […]

Senior man is standing in the kitchen of his home with bills in one hand and a cup of tea in the other. He has a worried expression on his face.

Official figures show shocking disparity in pensioner incomes

Our recent analysis of HMRC figures has highlighted shocking disparities in pension incomes throughout the UK. Our recent analysis of HMRC figures has highlighted shocking disparities in pension incomes throughout the UK. HMRC’s Personal Incomes Statistics 2015-16 show that while the top ten local authorities for pension income are all in London or the South East, […]

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