Data from a large survey of individuals and households has discovered that those who received financial advice subsequently ended up with, on average, £13,424 more in financial assets and £27,657 more in pension wealth than those who didn’t receive advice. If we add up financial assets and pension wealth, we can quantify the value of […]
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With more UK employees saving for their retirement than ever you could argue that Automatic Enrolment has been a success since its launch six years ago. However, research from the Office for National Statistics (ONS) has revealed that many people contributing to their workplace scheme don’t even realise they’re saving for retirement. Auto enrolment emerged […]
Frank Field, Labour MP and chair of an influential parliamentary committee, has called for legislative action to help keep pension savings safe. This comes after Police data shows that more than £43m of people’s retirement savings have been lost to fraud since the pension freedom reforms were announced. Figures from The Pensions Regulator estimate that […]